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Reddit Is Raising Funds at a Valuation of $1.7B

bloomberg.com

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

#221

Post by toxicFork »

ransom1538 wrote: post #220

Online communities die within months. Reddit isn't worth anything. This is insane - this community can disappear. Look at Digg, myspace, friendster. One wrong TOS update all the users will rebel and look towards the next cheaply made forum. Disclosure: Worked in this space 10+ years.

Reddit has a lot of distinctly separate sub communities that grow, start new, and die out individually, and some which even hate others. So I think that helps to protect from "community death" effect. For the other websites you mentioned, they all feel like "one community" each.

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

#223

Post by Alex3917 »

alt2501 wrote: post #201
Alex3917 wrote: post #25

Earlier quoted context omitted.

> 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,…

Can you clarify what you mean by submissions from independent blogs? You seem to be saying that the new users are bots or something from media/marketing ? Or am i reading too much iwmto this...

I.e. submissions not from YouTube, Imgur, nytimes, etc. submissions from actual people with a point of view, where you can subscribe if you want to learn more. Think Fred Wilson, Seth Godin, Venkatesh Rao, Gwern, etc. writing on their own domain, or at least on their own subdomain where they pay for hosting.

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

#224

Post by ransom1538 »

toxicFork wrote: post #221
ransom1538 wrote: post #220

Online communities die within months. Reddit isn't worth anything. This is insane - this community can disappear. Look at Digg, myspace, friendster. One wrong TOS update all the users will rebel and look towards the next cheaply made forum. Disclosure: Worked in this space 10+ years.

Reddit has a lot of distinctly separate sub communities that grow, start new, and die out individually, and some which even hate others. So I think that helps to protect from "community death" effect. For the other websites you mentioned, they all feel like "one community" each.

really - myspace was one community? Forums don't have 'topics'? wtf. This is insane. This is nuts. Reddit wont be around in 4 years. It will be a total joke like all the other online communities.

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

#225

Post by k2xl »

ransom1538 wrote: post #220

Online communities die within months. Reddit isn't worth anything. This is insane - this community can disappear. Look at Digg, myspace, friendster. One wrong TOS update all the users will rebel and look towards the next cheaply made forum. Disclosure: Worked in this space 10+ years.

Could their users disappear? Of course. But this could arguably be said about any company.

Reddit has over 250 million users. Very very few social apps have that many users.

According to https://www.dreamgrow.com/top-15-most-popular-social-network... only Facebook, YouTube/Google+, Instagram, and Twitter have that many users.

Reddit has also been around for a long time (in internet time) - since 2005. And it's survived many PR fires too.

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

#226

Post by k2xl »

owaislone wrote: post #207

Isn't 1.7B a bit too low for Reddit considering it's size and popularity especially in the US?

It did seem a bit low to me too considering how much other social networking apps are getting valued at.

Reddit has been around for over 11 years. It's something to say about the loyalty of their community.

Their ability to target advertisements towards specific subreddits could become a large source of revenue. Especially since advertisers can easily target those with those interests.

I think it's different than facebook groups because subreddits are at the heart of the reddit ecosystem.

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

#227

Post by ekianjo »

alt2501 wrote: post #198
ekianjo wrote: post #131

Earlier quoted context omitted.

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.

I was replying to the above comment. https://en.wikipedia.org/wiki/Valve_Corporation for the source of the number of employees. Your comment is more useless than mine since it does not provide any information and just a bland opinion out of nowhere.

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

#228

Post by ricree »

shawnee_ wrote: post #211
Sophira wrote: post #195

Earlier quoted context omitted.

> 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 p…

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 a…

Plus, it's pretty similar to registering r/username, which is something that a lot of these "power users" already do.

My biggest complaint (and something I worry about when they talk about redesigning/reimplementing the site) is that the page just isn't all that great.

It's slow to load (where the old overview page was pretty much instantaneous), lacks features (though two more clicks will get you back to the superior overview page), and at least to my eyes, it's even uglier than normal reddit (though admittedly this is mostly subjective).

If this is what happens when they roll out new features, I worry that the rest of the site will wind up like it once they do their redesign.

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

#230

Post by ricree »

ransom1538 wrote: post #224
toxicFork wrote: post #221

Earlier quoted context omitted.

Reddit has a lot of distinctly separate sub communities that grow, start new, and die out individually, and some which even hate others. So I think that helps to protect from "community death" effect. For the other websites you mentioned, they all feel like "one community" each.

really - myspace was one community? Forums don't have 'topics'? wtf. This is insane. This is nuts. Reddit wont be around in 4 years. It will be a total joke like all the other online communities.

> Reddit wont be around in 4 years.

Why not? It was around 4 years ago, and seems to be more or less as healthy today as it was then.

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