this post was submitted on 02 Jul 2023
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reddit be like (lemmy.one)
submitted 1 year ago by Melody@lemmy.one to c/memes@lemmy.ml
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[–] intensely_human@lemm.ee 1 points 1 year ago

Their revenue model seemed fine with awards. Brilliant model. Value out of thin air. I spent maybe $5/mo on awards.

Seeing the content itself as the product was a mistake for reddit. It’s like charging people for silverware at a restaurant.

Use of the API, just like use of the HTTP servers, drove engagement and engagement drove awards sales.

Just like the use of silverware drives meal purchases at a restaurant. Reddit charging for the API is like a restaurant charging to get the menu texted to you.