Reddit

As long as they honor what people have currently bought, honestly this is the first time they've made a change I agree with. Awards were usually used for trolling from what I saw

After the API changes announcement, I cancelled my premium renewal. I'm still on premium.

The best feature was that I'd get coins to give away as rewards every month. There were other benefits I enjoyed, but the ability to gift someone gold on a whim from the coins I had gotten was very nice.

Now, all the coins I have stockpiled will be worthless.

Gg Reddit. I'm sorry to see it end this way, but you've done this to yourself.

Just resign spez

Reddit gold gives premium = no ads = no revenue. What theyve already failed to understand is no users = no revenue

Why is everyone so negative? Good on them for killing some stupid feature that nobody really liked. Yes, they'll bring another even worse feature but luckily no one here is impacted by that.

Man. What the actual hell is Reddit doing? They’ve been making the most suicidal business decisions this year. Blocking third party apps, they piss off a huge active portion of their user base but sure, you could say they weren’t paying anyway. But now they’re screwing over their PAYING users? I don’t even know what they expect at this point.

Why are all these high profile sites making all the stupidest decisions to ruin their sites? It doesn't even make sense from a monetary perspective.

Its a good decision but man, the execution is horrible.

the site used to be so good but now its just going downhill, welp it was fun while it lasted

yooo it'd be neat if we could have our own community custom awards that can be used to help fundraise the servers the community is on

Its such a shame that a once great platform is heading downhill. I'm still an occasional user of the site I'll admit, but i guess Lemmy is my goto these days.

Yes, please. The more changes Reddit makes that people dislike the more likely people will be to move to Lemmy.

I paid for Reddit gold back in the day, I really enjoyed the ability to selectively gift gold to comments.

When they replaced gold with coins I ended up unsubscribing. The coins felt like they devalued what gold actually was.

I think it's fair that they want to revisit the feature, but shutting off a revenue stream a month after they made such a big deal about charging for API access, it feels to me like they are lacking common direction and priorities within the company...

Well, I never paid for Reddit, but this must suck for people that did it.

I'm not opposed to this, though I generally think that the move towards awards overcomplicated the site. It was better when it was just Gold and there was a simple tracker to say how many days of server time had been paid for.

A little crazy theory:

Maybe they hope that by disabling awards in September there suddenly will be a lot less premium users. Gold and platinum gave a week and a month after all. So there will be a sudden spike in ad revenue just before the planed IPO.