This seems like the dumbest decision imaginable. Users are flocking to alternatives, many of those who haven't don't trust you, and you're trying to become profitable … so you delete the stuff people paid for without any sort of replacement. What a genius ideaǃ Making the platform less unique and giving the middle finger to the people who give you money in one go!
There's no way a human adult is running this company. It has to be a council of toddlers run by a keyboard-smashing orangutan. At this point, they might as well start encouraging bots and karma farming. Maybe even pay people to do it!
I wonder if this isn’t a rev recognition play. If their accounting rules say they can’t take the revenue until the award is issued…I bet there’s a lot of money sitting on the table they can apply to their books with this play. It’s basically the same play as expiring unused gift cards…
That's actually an excellent point, but it has the chance to backfire spectacularly if they can't IPO or come up with a more higher earning replacement before the end of the next fiscal year. So I totally expect them to fuck it up
I don't know if anyone here has anything as constructive as what they should have done, having reached this point in history. If I was suddenly dropped into spez's body, I do not have a clue what I would do other than completely back track the past 2 months and eat a literal hat with a fork and knife. Don't know if even that would work.
I feel like it has to be financially motivated and the only thing I can think of is they want users paying for premium directly rather than having it gifted from a different accounting bucket. But that doesn’t seem like strong enough motivation on the surface.
