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Reddit Is Raising Funds at a Valuation of $1.7B

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21–30 of 313 posts

Re: Reddit Is Raising Funds at a Valuation of $1.7B

#21

Earlier quoted context omitted.

You can't even edit the title of a Reddit post. That's been known for years and nothing's been done about it.

That's almost certainly by design. Just as with tweets, it would be massively abused.

Yeah I'm pretty sure mods can...

Re: Reddit Is Raising Funds at a Valuation of $1.7B

#22

Earlier quoted context omitted.

You can't even edit the title of a Reddit post. That's been known for years and nothing's been done about it.

That's almost certainly by design. Just as with tweets, it would be massively abused.

Might make sense to make it optional per subreddit. Some communities are far less filled with trolls than others. Locked after N hours or minutes is also a potential solution elaboration that could give subreddits flexibility (on/off, if on then lock after N time options). Default it to locked. One more layer would be to enable only for established accounts and or based on the account behavior historically, and so on.

Re: Reddit Is Raising Funds at a Valuation of $1.7B

#23
post #7

I love Reddit, but remind me what's their business model? I've never seen an ad using Relay For Reddit. Free content is great but how do they keep the lights on much less justify $1.7 billion? (Also, HN. Servers are cheap but how do they pay dang to tell me I'm being toxic?)

They run sponsored posts on the HTML version of reddit, not sure about their mobile app tho. I've actually paid to run some ads on reddit and would recommend them. Their ads are cheap and they'll definitely send traffic your way if that's what you're looking for.

Re: Reddit Is Raising Funds at a Valuation of $1.7B

#24
post #3

Does anybody know why development at reddit is so slow? I know they have an engineering team, but if you track the changes over the last couple years, it's not much given how much time has passed. And that's not for lack of feature requests that Reddit staff have admitted would improve the site.

With the immense and demographically diverse userbase, I imagine keeping the site running smoothly and user analytics is their chief focus. Their strategy probably is to introduce changes slowly so as not to alienate or confuse people (I'm looking at you Facebook). Also, they expose their data via an API that developers have used to make all sorts of features, giving them the luxury of being able to basically test fe…

Isn't the modern approach to that problem simply limiting new features to a subset of users then analyzing the result and deciding whether or not to release it to the full user base? As a heavy user of Reddit there is an argument to be made that it is (mostly) feature complete to the average user, and they have certainly made significant strides in scalability (though not without a decade of hiccups).

I'd really like to hear from a reddit volunteer moderator, a group who essentially keeps the site running for free and who have voiced their concerns over lack of tooling for... again a decade.

Finally we're only a year or two out from major PR issues at the company. I would not be surprised if it alienated engineering talent (that and presumably a smaller budget for compensation due to the revenue, profitability, time since last raise, etc.).

Re: Reddit Is Raising Funds at a Valuation of $1.7B

#25
post #3

Does anybody know why development at reddit is so slow? I know they have an engineering team, but if you track the changes over the last couple years, it's not much given how much time has passed. And that's not for lack of feature requests that Reddit staff have admitted would improve the site.

> Does anybody know why development at reddit is so slow?

I read through the front page of each of the top 5,000 subreddits (by subscribers) over the last few weeks, and a lot of the subreddits are adding hundreds or thousands of new subscribers per week. They seem to have gone into hypergrowth recently without anyone really noticing.

The other interesting thing of note is that of the 125,000ish posts I read through, there are only a few dozen submissions from independent blogs on the front page of all of these subreddits put together at any given time.

Re: Reddit Is Raising Funds at a Valuation of $1.7B

#26
post #9
post #3

Does anybody know why development at reddit is so slow? I know they have an engineering team, but if you track the changes over the last couple years, it's not much given how much time has passed. And that's not for lack of feature requests that Reddit staff have admitted would improve the site.

Too busy working on April Fools day material: https://redditblog.com/2017/04/13/how-we-built-rplace/

I don't get the need for all these tech companies to prove their "wit" by trying to out do each other on 4/1. Then the tech blogs all rush to cover the various 4/1 "jokes"

Re: Reddit Is Raising Funds at a Valuation of $1.7B

#29
Trying to imagine the kind of strategy that will yield a large enough multiple of that valuation to satisfy the new investors, or the kind of strategy that would create an annual ROI that would keep them happy. And failing. Anybody have any idea what the long term game plan is here?

Re: Reddit Is Raising Funds at a Valuation of $1.7B

#30

Earlier quoted context omitted.

That's almost certainly by design. Just as with tweets, it would be massively abused.

Might make sense to make it optional per subreddit. Some communities are far less filled with trolls than others. Locked after N hours or minutes is also a potential solution elaboration that could give subreddits flexibility (on/off, if on then lock after N time options). Default it to locked. One more layer would be to enable only for established accounts and or based on the account behavior historically, and so on…

Please no. We've seen how much mods can be trusted when given toys. Any true Scotsman redditor will express their hatred for how often posts on /r/all are summarily locked by a mod. Often the justification is "lol no" or "I'm not spending my saturday policing the modqueue." Which is valid, but sucks for the 300k people that have to deal with it.
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