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.
Reddit Is Raising Funds at a Valuation of $1.7B
191–200 of 313 posts
Re: Reddit Is Raising Funds at a Valuation of $1.7B
#192Does 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.
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
#193It 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.
Re: Reddit Is Raising Funds at a Valuation of $1.7B
#194Re: Reddit Is Raising Funds at a Valuation of $1.7B
#195Reddit 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…
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
#196Last 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.
Re: Reddit Is Raising Funds at a Valuation of $1.7B
#197It 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
#198Earlier 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.
Re: Reddit Is Raising Funds at a Valuation of $1.7B
#199Reddit 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.
Re: Reddit Is Raising Funds at a Valuation of $1.7B
#200Does 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.
(Just a note, your profile's upvotes appear to be public. This is a toggle available in options)