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Reddit enrages users again by ditching thank-you coins and awards (www.businessinsider.com)
submitted 3 years ago by [M, B] to c/technology@lemmy.world
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Reddit enrages users again by ditching thank-you coins and awards::Reddit, which is still dealing with the fallout from its last controversial decision, said it plans to phase out coins and awards.

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[–] 6 points 3 years ago (3 children)

Let's not forget the Saudi royal family. They really hate social media.

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  • [–] 5 points 3 years ago* (last edited 3 years ago) (2 children)

    Definitely not. Here's the breakdown of the $44 bn purchase:

    • $5 bn from other investors, including a Saudi prince
    • $26 bn from Elon, underwritten by stocks in Tesla (which significantly dropped in value after the purchase)
    • $13 bn in a loan that Twitter took out to buy itself on Musk's behalf.

    Twitter could hardly pay the interest on that $13 bn, even before Musk tanked the company's revenue. Either Twitter steps into line and gets more investment from right wing control freaks, or it dies - both could be seen as a win in the eyes of Peter Thiel or the Saudis.

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