• ILikeBoobies@lemmy.ca
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    1 year ago

    “Supports the creators” makes me think they have a revenue split and they got rid of the old system to prevent people from not knowing the difference

    • Holyhandgrenade@lemmy.world
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      1 year ago

      Yeah this also conveniently happens after they made everyone’s Reddit Gold invalid. Pretty damn shady if you ask me.

      • ILikeBoobies@lemmy.ca
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        1 year ago

        Need influencers if they are going to IPO

        Don’t want to lose money by having to split something people bought a year ago

    • LemmyKnowsBest@lemmy.world
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      1 year ago

      “supports the creators?” like the person who created the comment gets paid? probably not. I’ve made zillions of witty upvoted comments and I haven’t earned a dime. Where does that money go? Into spez’s pockets.

      • SuddenDownpour@sh.itjust.works
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        1 year ago

        Supposedly you can cash these golds out if you get 10 of them, at a rate of $1 per gold, as long as you live in the US. I figure that the left-most gild is equivalent to 1 gold, so Reddit is keeping roughly 70% of the money you pay through this system.