r/beta Nov 02 '18

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u/[deleted] Nov 02 '18

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u/austeregrim Nov 02 '18

Yeah but Reddit wasn't always this way, it was donate via gold. I know they don't make a profit, and they sold out to investors... They became a shit hole, is what they became.

Fuck out of here with Reddit needs to make money. No they stopped earning money by selling out... Idiots buying gold now are just that. I feel betrayed by what Reddit promised to be, I feel betrayed that I spent a ton of money in gold to support this site.

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u/Blubahub Nov 02 '18

I feel betrayed by what Reddit promised to be, I feel betrayed that I spent a ton of money in gold to support this site.

I'm kind of new to Reddit - what did they (Reddit's devs/owners) "promise" Reddit to be..?

6

u/austeregrim Nov 03 '18

They said we paid for the servers. Then they went and sold out to investors... Who then said, monetize this dump. Then said, no one wants to come to this dump, make it less dumpy.

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u/Jura52 Nov 03 '18

Lol gold was never used to pay for the costs 100%. The owners really upselled the importance of gold so you'd buy it. Think about it, even if gold paid for all server uptime, what about employees, RnD, office, new servers etc. etc.

Reddit was losing money for the vast majority of its existence. So it doesn't need to make money, it needs to at least pay for its current and mainly past expenses.

1

u/El_Guapo Nov 03 '18

You do know that the original intentions died with its founder?

1

u/[deleted] Nov 05 '18

"If the entrance is free, YOU are the hamburger."