VecGS
Chaotic good
No bio...
User ID: 599
VecGS
Chaotic good
10mo ago
21 days ago I got this message from Reddit when it auto-renewed my annual subscription:
Hi VecGS,
Thanks for being a Reddit Premium member!
Your yearly Reddit Premium subscription has been successfully renewed and you’ve been charged $29.99 (USD).*
You should expect a fresh delivery of 700 Reddit Coins every month.
If you have any questions about your subscription, feel free to contact us or check out the Reddit Premium FAQs.
Don’t forget, your subscription automatically renews each year. That means you can cancel your subscription at any time from your Subscription Settings. Just make sure you cancel at least 24 hours before your subscription period ends to avoid getting charged for the next year. You won’t be refunded for any remaining time on your subscription.
That $30 per year cost eliminates ads for me. That's around $2.50 a month. That's far smaller than the bill that the Apollo creator would be getting for my usage when I'm on mobile. I'm pretty sure that sets up a very convenient upper bound for what Reddit's costs are. Even with that, I would expect they make a profit on me.
This is nothing but a clear attempt to kill 3rd party apps in my opinion.
The provable lying that the CEO is doing is leaving a very bad taste in my mouth.
I guess it was a good run while it lasted.
It's the other way around. Reddit was getting that much directly from me. I paid for Apollo years ago, which was far less than the new charges that Reddit would be charging Christian on an ongoing basis. Overall, his bill would wind up being around $20MM a year based on historical usage. That's far less than the money he's ever made on it.
I was establishing an upper bound for Reddit's average annual customer value.
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