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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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Reddit starts removing moderators behind the latest protests (www.theverge.com)

submitted 1 year ago by ardi60@lemmy.ml to c/technology@beehaw.org

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[–] Shhalahr@beehaw.org 31 points 1 year ago* (last edited 1 year ago) (15 children)

CEO Steve Huffman told me in an interview last week, “90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium. Why would we subsidize this small group? Why would we effectively pay them to use Reddit but not everybody else who also contributes to Reddit?”

It's called a "loss leader," Steve.

Dude's sounding like the kind of guy that cuts IT, security, and janitorial because they don't bring in revenue. But then, he did say he's following the Musk model. Which is, basically, that.

[–] Tatiana@beehaw.org 16 points 1 year ago

someone should have shown this graph to the dipshits in charge

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