isn’t this kind of like Netflix offering shares to the subscribers who stream the most
Not really, because a Netflix subscriber is purely a consumer of content. Someone who posts on Reddit is contributing real value which can be profited from.
A better comparison is the difference between a “Bank” and a “Credit Union”. A bank has customers and shareholders. The shareholders profit by selling services to customers. With a Credit Union your customers are your shareholders. You don’t sell services to them, you use the account holder’s money to pay for services provided to the account holder. And you also use the account holder’s money to invest/earn profits. Which are returned (in full, minus operational costs) to the account holder. Usually in the form of interest rates based on the amount of money the customer has deposited (banks have those too, but credit unions usually have better interest rates).
It seems like Reddit is planning to be somewhere in between. With shareholders, and customers, and “customers who are also shareholders”. It seems reasonable to me… and maybe it’s something the we could also consider over here in the fediverse… because I certainly don’t trust reddit’s leadership to do anything good with the content I provided for them (which is why I deleted it…)
Not really, because a Netflix subscriber is purely a consumer of content. Someone who posts on Reddit is contributing real value which can be profited from.
A better comparison is the difference between a “Bank” and a “Credit Union”. A bank has customers and shareholders. The shareholders profit by selling services to customers. With a Credit Union your customers are your shareholders. You don’t sell services to them, you use the account holder’s money to pay for services provided to the account holder. And you also use the account holder’s money to invest/earn profits. Which are returned (in full, minus operational costs) to the account holder. Usually in the form of interest rates based on the amount of money the customer has deposited (banks have those too, but credit unions usually have better interest rates).
It seems like Reddit is planning to be somewhere in between. With shareholders, and customers, and “customers who are also shareholders”. It seems reasonable to me… and maybe it’s something the we could also consider over here in the fediverse… because I certainly don’t trust reddit’s leadership to do anything good with the content I provided for them (which is why I deleted it…)