Reddit, which is still dealing with the fallout from its last controversial decision, said it plans to phase out coins and awards.

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.

    • TWeaKEnglish
      5•1 year ago

      Definitely not. Here’s the breakdown of the $44mil purchase:

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

      Twitter could hardly pay the interest on that $13 mil, 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.