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this post was submitted on 22 Jun 2023
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Technology
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Reddit needing to make $ to maintain the resources is understandable.
There were other ways to generate revenue without being greedy.
For example, users pay for awards like gold etc on Reddit. This concept could have expanded to a marketplace for 3PA stickers. If 3PA apps have stickers that they were pushing as additional revenue for the developers, Reddit could have stepped in and developed a marketplace to host and promote them for the developers as well. It would be a similar model to the Google Play and Apple App stores taking a commission for in app purchases. It doesn't have to be in the vicinity of 30% either. It's not a perfect example by any means, so don't flame me or the idea.
I deleted all of my accounts, posts and comments after the clusterfuck of an AMA. The interviews Huffman gave the following week to The Verge and other media sites totally reinforced my decision not to go back. I still go back to get some tech resources that I need but it's through alternative addresses so I don't add to their analytics stats.
Stickers and Reddit gold are, by the wildest and most nonsensically optimistic estimates imaginable, not going to be even in the same state as the amount of revenue they’re looking for.
Stickers or gimmicky items like that seem to be popular enough for Selig to spin it off as a separate business.
My comment was about Reddit’s inability to think of a smarter long term solution with the 3PA developers. Instead they went with a moonshot for a short term gain that reeks of arrogance, greed and stupidity.