Dear User,
We will soon begin rolling out changes to Reddit’s User settings. It is getting a refresh that includes changes to ad personalization, privacy preferences, and location settings.
As part of these changes, we are retiring a setting that you have previously turned on that limited how we used your activity from the Reddit platform to personalize ads. We have replaced the setting with a new option to select categories of ads that you may not wish to see.
More details are available in our announcement and help center.
These changes are rolling out starting today and you may see the changes over the next few days.
Users will be tracked with no opt out. Posts may be monetized, which will make content even worse No refund or any type of usable credit for users that spent hundreds on Reddit coins The entire vibe has done a 180° since all these new “positive changes” are rolled out.
The problem is you (and many others, not singling you out here) believed you had rights on a privately controled web platform.
This has never been the case.
In the past reddit said and had "terms of service" that suited their business goals at the time. In the past, those goals were: Use VC money to grow the platform as large as possible as fast as possible.
Now that Reddit is looking to go public with an IPO, those goals have changed.
The goal is now. Generate as much revenue as possible from the user-base created with the VC money.
And it's going to work simply because of people not caring and because of the difficulty of switching platforms. I myself am guilty of this, I'm still using reddit for the communities that haven't moved over to Lemmy yet, though I've reduced my usage because I refuse to install the official app for Android after they killed third party apps. Now that Boost is available for Lemmy, I'll be making the gradual switch. But I doubt the majority of users will bother doing the same.