this post was submitted on 12 Jul 2023
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Steve Huffman: "Reddit doesn't make any money"
Also Steve Huffman: "Please stay on our platform, we'll pay you?"
From what I understood from the article, the money only comes from gold and awards users bought and then awarded to the content. so its more like, "we won't pay for your labor but we will ask the other, previously free users to pay for it"
I guess what he meant is that, at the moment, Reddit Gold revenue goes 100% into Reddit's pockets. But if they start funneling part of this money into contributor's pockets, it means Reddit is effectively paying them from a money pool that was previously exclusively theirs. Thus, Reddit is "paying them".
Reddit seems to be creating a tipping process in which they take a cut... Delightful.
Actually a lot more like there is a reservoir of value from which you can sip if you do Immortan Spezs bidding. And you can ride with him through the gates of karma for eternity all shiny and chrome.