I really wonder what @ChristianSelig thinks of this
this post was submitted on 13 Jul 2023
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Wonder if this is connected to that leaked contributor/paid karma thing that got leaked a few days ago
Do you happen to have a link to some more information on this? I have seen the pay for karma sites before but was this internal?
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This actually makes sense and I predicted this a while back. Having that type of stuff requires a much more complex database setup. It's very inefficient. I'm assuming that's the reason they're getting rid of it.
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What happened to them being so desperate to make money that they'd charge third party all devs $20 million a year for API access? Surely removing ways to give them money won't help that situation, right?
I know the API thing was all about control and not the actual money, but they're just being so blatant about not giving a fuck about the site or the users. What a dreadful company.
As an advertiser, I suspect they're trying to give us more groups of people to target. Ads are expensive, and generate a lot more money than Reddit gold
As an advertiser
I have a serious question for you, if you have a moment. Do advertisers have any way of knowing what percentage of the views they're paying for are actual humans, and what are bots?
Because it seems to me that this is an excellent scam on a corporate level: Reddit ditches users and mods in favor of bots interacting with bots, the number of accounts and views don't dip dramatically, and Reddit, Inc. continues to pull in all that sweet advertising revenue because there's no way for advertisers to know the difference for sure, or the ratio of bot to humans on the site or in a sub with any kind of precision.
I'd appreciate your thoughts on this, because I've been pondering this for a while but do not have any knowledge of advertising metrics, or what would stop a dishonest/bad-faith board like Reddit's from doing this to some degree just because they can.
Not an advertiser but they generally know % of views ("impressions") to clicks (called click through rate) and percentage of clicks that turn into sales (called conversion rate).
For that reason, I don't think they're trying to get rid of human users completely, just the "troublemakers".
I think they want to lead the "silent majority" users into a bot advertorial content hellscape where they control all the levers of power and everything is for sale.
Thank you, I think you're right. Interesting you mentioned click thru rate though, because another commenting advertiser here on Lemmy noticing weird shit with Reddit lately brought that up, saying his click through rate was good but then when he looked into there were many immediate abandons, and someone else explained that's because people were getting tricked by the ads that look like posts and immediately backing out once clicked.
I'd be happy to find the comment for you but I have no idea how to find shit here yet, lol. I'll look; if I find it I'll edit this comment with a link.
EDITED TO ADD I think this is it: https://lemmy.world/comment/644214 (see the other posts by the same guy also if you're interested, like this one https://lemmy.world/comment/652045 and https://lemmy.world/post/837198)
Awards were always super jarring when I accidentally ended up on "new reddit". I could never tell who actually liked them. But to just remove the feature, and take coins immediately (that people paid for) away with no alternative is shitty.
I guess management wants to get rid of those nasty ad free benefits.
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Yeah, awards were definitely jarring.
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Tis a silly place.
They engage in tomfoolery.
I found Reddit Gold and Discord Nitro's gifting systems to be smart ways of monetization.
There are people who, despite what you try, cannot or will not pay you. Gifting allows you to keep the people that positively contribute on your platform while still earning money from elsewhere.
Amazing how swiftly they're progressing with their enshittification. Makes me re-think all those 9 years spent there.
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Mostly I don't understand why they are announcing this without sharing what they're doing instead
There are some great comments on that thread absolutely ripping the piss out of Reddit. I almost wish I hadn't deleted my account, just so I could upvote them ;-)
This should shock no one everything they are doing is to create a Facebook clone of sorts where they can easily feed people information and garner their attention in the form of ads. This truly marks the hour in which everyone needs to start looking for and at more open systems. When reddit went public and Tencent bought some of the company the writing was already on the wall.
But why?