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Reddit Is Raising Funds at a Valuation of $1.7B

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191–200 of 313 posts

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

#191

It seems like Reddit would be a good candidate for experimenting with tiny fees: namely, $12 per year just to use it. That’s one (moderately priced) lunch in total, a dollar a month, for a site that provides a huge amount of content and discussion or just distraction. Far less than one crappy movie in a theater, too. And if everyone paid this, they’d have tons of cash.

No. Humans don't do that (pay for stuff they can get for free).

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

#192
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.

From hanging around in r/redditdev I got an impression there was an exodus of much of the experienced backend team about a year ago when there was so much drama (Kemitche and at least two more people I think). Maybe it has taken some time to get a new one up to speed. Also, A lot of resources seems to be focused lately on developing clients for android and ios.

I get the impression that Reddit has a lot of technical debt that makes developing new features difficult, and would take some major effort to refactor themselves out of

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

#193

It seems like Reddit would be a good candidate for experimenting with tiny fees: namely, $12 per year just to use it. That’s one (moderately priced) lunch in total, a dollar a month, for a site that provides a huge amount of content and discussion or just distraction. Far less than one crappy movie in a theater, too. And if everyone paid this, they’d have tons of cash.

It's almost funny how much your comment is out of touch.

If it were made by an AI bot though it would be really impressive.

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

#195

Reddit has an opportunity to do right everything that Twitter has done (and continues to do) wrong. It took me about ten years to figure out that Twitter is a cesspool of useless noise and ego. Everybody tries to outdo each other with noise and follower count. What Reddit does right is focus on topics , primarily, not personalities. (Although I actually like the new user profiles, since they tend to be secondary focu…

> What Reddit does right is focus on topics, primarily, not personalities.

I think they've been trying to change that recently; they've been focusing more on content creators - people like Shitty_Watercolour who are known Reddit-wide for the original content they post. As you noted, they launched a new type of profile which basically turns it into a subreddit, which they're pushing as a way for content creators to post their works easily.[0] The feature is still being developed but is now available to more people.

To be clear, the feature is a good one in concept, but I think the fact that they chose to market the feature this way as opposed to marketing it as "bringing old-school link blogs back" or similar says a lot about how Reddit wants to change its image.

[0] https://www.reddit.com/r/announcements/comments/60p3n1/tldr_...

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

#196
post #95

Last I heard Reddit was doing less than $10 mn / year in revenues. It's highly under-monetized, but it looks difficult to grow in 5 to 10 years to generating $150 million in annual profits to justify this valuation. I'm surprised Reddit stays so popular. I stopped using it ~8 years ago. The habit didn't stick with me (beyond a year or two).

I don't understand how investors still think that "Step 1: get a lot of users, step 3: profit" is a great business model.

Because actual money making things are very hard to come by? They typically involve either huge amounts of unforseeable luck, or a time machine to go back to before some monopoly was achieved. Or they're borderline illegal, which takes a long time to achieve too because you need to grow the capacity to pay off the politicians. By contrast "look, tons of eyeballs" is much easier to find and hype.

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

#197
What's interesting about Reddit is boutique consumer product companies that use it to create cult like addictics of their products.

It would be interesting to see some potential marketplace addons or payment processing.

Thus reddit could long term replace or absorb Etsy and maybe maybe Craigslist.

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

#198
post #68

Earlier quoted context omitted.

Reddit is very different from other social/consumer tech companies in that they are a very small company. Last I heard, they are somewhere around 200 employees. Compare that to how many employees twitter has and you'll notice that actually reddit is evolving their product at a pretty fast pace for the size of the company. Additionally, from the various threads on reddit that I've seen people post about the company. T…

Valve has less than 400 employees too.

This thread is full of comments that at first seem appropriate, but quickly reveal to be utter fluff/rubbish. Count this comment in that category too.

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

#199

Reddit has the worst mobile site i've ever seen, with constant pop-ups that make the site basically unusable. Sometimes a good idea and first to the market is better than good execution.

Add `.compact` to the end of any URL on reddit and that's the best mobile mode. Super fast.

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

#200
post #146
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.

The only thing I wish I could do, is search through my upvotes and filter things by subreddit etc.

There is a dedicated upvote page as a tab on your profile. Not easily combined with subreddit filters without using addons, though.

(Just a note, your profile's upvotes appear to be public. This is a toggle available in options)

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