"Site I only still care about to laugh at thinks I am going to give it my tax information." I'll have to think real hard about that one.
Investors should themselves have a good think about how the CEO that self-reported making zero profit in over a decade as one of the most popular social media sites — a site whose ad revenue has stuttered in the face of what is officially a month long protest — can afford to be handing out money to shitposting bot farms now.
reddit started trialing a "Community Points" program in 2019 in /r/ethtrader, /r/cryptocurrency and /r/fortnite , where posters and commenters could earn "Community Points" that were supposedly backed up with crypto that you could eventually cash out. They announced an expansion of the program in December 2021 but, afaik, they never actually did so. Which might have something to do with the fact that one of the /r/cryptocurrency mods made $10,000 by selling community points. I don't know if the program has actively continued since then; maybe someone who was in the three trial communities can say.
My point is that reddit has been working on something similar to this program for at least five years now. And this article isn't based on any announcement by reddit, but by someone examining their source code. It's possible that this code has been present for a while and reddit has leaked it's existence to try to attract back some of their lost contributors. Or even that it hasn't been present but they included the old code in the newest app release and then pointed it out for the same reason.
In any case, this article isn't based on any official announcement, and reddit has been "trialing" a similar program for over four years. I wouldn't hold out any hope that this actually sees daylight anytime soon, or that it'll work well if it's actually released.
I wonder when buying these 3rd party apps as acquisitions, if Reddit brought along their dev(s) in the process. It sounds like they didn't, which would be so shortsighted. Because what it seems is that once Reddit had these programs in their possession, they didn't know what to do with them, or how to integrate them into their own source code...at least with Spell this seems to be the case. I have no idea about Alien Blue, which I had used at one point prior to using Reddit's own mobile app. All they had to do with Alien Blue is rebrand...why didn't they?
How do you employ nearly 2,000 people. an army of unpaid moderators, and not come up with proper tools to navigate your own program, or find profitability off its user data? I think that Huffman has had no plan, leads a top-heavy organization, has been coasting along the company putting out day-to-day fires, and now he's scrambling to quickly find something profitable to show his investors.
There are a lot of things that don't make sense at the core of Reddit, because Google, Chat AI, and ad revenue are the places to make a profit...not API usage from 3rd party apps. I watched a really great video of the history of D&D last night on Nebula, and wow talk about lessons that Reddit could learn about 3rd party contributors.
(I'm going to link the video, but you need a subscription to Nebula and/or Curiosity Stream to view it). TL;DW summary: D&D works best as a business when it collaborates with 3rd party contributors and its fans.
Looks like r/programming discovered the astroturfing, so in true Reddit fashion they simply shut down the subreddit entirely to avoid the spread of negative public sentiment. Thanks for galvanizing my resolve to migrate to the fediverse, Spez
I realized I interacted / posted / commented less and less on reddit these last couple of years. Couldn't even tell you why exactly. Now I've been here for a week and, I don't know, I just like interacting again... Hope it stays like this for a while :)
I just wanted to leave this here (www.reddit.com)
Yep, this is what the future of awards on Reddit looks like
Reddit's Contributor Program could earn you real money for your Reddit karma (www.androidauthority.com)
Reddit could be working on a Contributor program, letting top contributors earn real-world money from the gold and karma they receive.
Reddit threatens the mods of r/CyberpunkGame (the main subreddit for Cyberpunk 2077). Mods decide to go down in a blaze of glory, whole sub agrees. (old.reddit.com)
Surprising nobody, Reddit Corp threatening a gaming sub of a fanatically anti-corporate video game doesn't go as they'd hoped....
Inside Reddit's path to an IPO, where employees see 'thrash' from constant pivots and say more managers may leave amid a flattening (www.businessinsider.com)
Without Paywall: https://archive.fo/L402K
Reddit's updated rate limits going into effect over the coming weeks, not entirely on July 1st, as was expected (www.reddit.com)
This is why apps like Boost, who never signed up for a subscription model are still functioning....
Reddit seems to be scrambling behind the scenes to try and limit the effects of the migration. Damage control: ChatGPT bots are spamming pro-admin, astroturfed comments (i.imgur.com)
Apologies if this is a repost. They’re scared lol....
Reddit braces for life after API changes (techcrunch.com)
Reddit and its communities are preparing for a life after the platform's API changes forced popular third-party apps to shut down.
Ordinary redditors are feeling the pain as well. (teddit.adminforge.de)
The protests worked, and so did moving/editing/deleting our old content. As one person complains,...
RIP RIF (kbin.social)
That's it folks. RIF has stopped working....
It feels a lot nicer here on lemmy / kbin
I realized I interacted / posted / commented less and less on reddit these last couple of years. Couldn't even tell you why exactly. Now I've been here for a week and, I don't know, I just like interacting again... Hope it stays like this for a while :)