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Reddit Is Raising Funds at a Valuation of $1.7B

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

#261

Earlier quoted context omitted.

Digg and Reddit kind of came out of the lack of change at Slashdot. Slashdot had many problems with obvious solutions and originally digg was just slashdot where users could submit stories.

And kuro5hin, where users sit around on stories endlessly trolling them or asking for clarification before they got published. Kuro5hin did achieve some of the most amazing content, however.

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

#263
post #235

If reddit founders and investors make bank out of content generated for free, the content creators will get pissed off there's nothing for them. And they'll move on. YouTube is the only one I see who is really trying to make it work. Instagram worked it out by placed ads for the most popular models. And a key sin of all these sites is they think the content is theirs. It's not. Stop trying to regulate it to be what y…

Just like everyone moved on from…

Twitter? Facebook? HN?

Maybe people just aren't in it for the money.

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

#264
post #83

Earlier quoted context omitted.

Kudos to reddit for not following the trend of "lets redesign the site just because we can" ethos. Not only did the product shift kill Digg, I also think it led to the earlier downfall of Slashdot. I may be dating myself, but I remember how each revision of Slashdot made it less usable for me. The "cleaner, minimalist, lots of whitespace" designs that were in vogue actually made it much harder to navigate comment thr…

.compact is still my preferred way of browsing Reddit on my phone. It seems to be slowly losing functionality (e.g., can no longer submit links or text posts), but the compactness of content is a big plus for me...

When linking to other parts of the site I notice I'll get bounced to the mobile version of Reddit even when I'm on .compact. The mobile version is so space-inefficient which is worse because I'm on a small mobile screen.

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

#265

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…

> It took me about ten years to figure out that Twitter is a cesspool.

Reddit has similar problems

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

This is an advantage for twitter in many ways, people want to follow and interact with other credible people not with a bunch of random people with no credible experience discussing a topic on reddit

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

#266

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…

Not that it has any impact on the validity of your statement but it's a funny coincidence that shitty_watercolour retired from reddit only a couple weeks ago.

I think you're thinking of 'a wild sketch appeared', unless they both recently retired

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

#267
post #218

Reddit has a huge value I think which has not been mentioned - that companies, corporations, organisations use it to market and advertise themselves, for free. Sometimes they do that under the covers, so to speak, and some users don't like it (e.g. hailcorporate) but often they will promote their products transparently, and often normal users don't mind. The most obvious example is Netflix on /r/movies. Multiple empl…

>that companies, corporations, organisations use it to market and advertise themselves, for free. Another phenomenon I've been seeing more of is a company that gets in early to a niche gaining control of the subreddit around that niche, tilting the scales in their favor. Two examples I can think of are /r/nootropics, whose mod team is led by the owner of nootropics supplier Ceretropic, and /r/amazonmerch, whose sole…

Video game subreddits have this happen a lot. A new game will hit the market, and the company will already have set up a subreddit with all of their staff in control. It's an "official" subreddit, but that means it's no better than any other official forums and lacks any ability to hold counter opinions.

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

#268
post #262

I'm considering that taking this funding at a very high valuation will force them to change Reddit in a way that results in its ultimate demise. What's wrong with a good stable community and business, as it is?

Reddit is a YC company. YC companies, like most high profile VC-backed startups, are supposed to own the world and be worth billions.

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

#269
Please explain to me in simple terms why a website property is worth so much.

Keeping in mind this has remained a mystery to me ever since Facebook didn't sell for a million dollars an eon ago. Facebook's founder is today worth some ridiculous sum of money. Why is that? I'd have sold Facebook for a million dollars and then just made another website. What am I missing. YouTube sold for some amazing sum ages ago to Google, who has from my understanding still not turned a profit with it.

Since I am clearly so out of touch please make the explanation easy to understand.

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