Reddit raises $200M at a $1.8B valuation • Hacker News Board

Re: Reddit raises $200M at a $1.8B valuation

#71

Post by 20years » Mon, Jul 31, 2017, 6:29 PM UTC

throwaway81122 wrote: post #36

afro88 wrote: post #18

Earlier quoted context omitted.

So they're doing a Digg. End of an era. What's the "reddit" that everyone will migrate to when they change the UX?

Like Craigslist and its downfall, the migration isnt going to be to one large community, but many smaller ones.

As of 2015 Craigslist was valued at an estimated $5 billion and had annual revenues in excess of $381 million. Not sure what it is today 2 years later but my guess is more now. Plus CL has been around for 20 years now. It is a cash cow and serves over 20 million page views a month. I don't really consider that a downfall.

Re: Reddit raises $200M at a $1.8B valuation

#72

Post by scierama » Mon, Jul 31, 2017, 6:30 PM UTC

I don't get why a company who keeps the entire Internet talking on a daily basis is only worth less than $2B but a company that lets teens take snaphots and share them is worth many billions.

Re: Reddit raises $200M at a $1.8B valuation

#73

Post by zitterbewegung » Mon, Jul 31, 2017, 6:31 PM UTC

Others have commented "they are doing a Digg" and asking whats the new Reddit. The better question is do you want to be the next site to replace Reddit? I don't think social news sites are sustainable at all. Reddit used to play the game to avoid becoming Digg and keeping its user base happy. It didn't seem to be profitable or profitable enough for their investors so they are forced to broaden the user base by any means possible.

Re: Reddit raises $200M at a $1.8B valuation

#74

Post by pinaceae » Mon, Jul 31, 2017, 6:31 PM UTC

well, good news for the HN community!

start your engines, reddit will do what so many user-driven content sites have done - light themselves on fire. slashdot, digg, they never learn.

yes, the network effect is a huge moat. but then you actively alienate your users and then it goes FAST.

good luck to the aspiring entrepreneurs going after this opportunity.

don't even need a strong business plan, not like you can make any real money - but you'll get funding for years to come :)

Re: Reddit raises $200M at a $1.8B valuation

#75

Post by asb » Mon, Jul 31, 2017, 6:33 PM UTC

The announcement on Reddit also says they are changing their privacy policy to remove support for 'Do Not Track' https://www.reddit.com/r/announcements/comments/6qptzw/with_...

Re: Reddit raises $200M at a $1.8B valuation

#76

Post by sidlls » Mon, Jul 31, 2017, 6:35 PM UTC

celticninja wrote: post #32

imjk wrote: post #24

Earlier quoted context omitted.

Hacker News

I think it is starting to happen already. A few too many jokey comments appearing, puns and the like.

HN takes itself too seriously. This site isn't brimming with intellectuals having significant, deep discussions. It's a bunch of hackers, nerds, and interested people who aren't either of those things kibbitzing about things (sometimes only marginally) related to technology. I find the resistance to even a little humor to be hilarious (and embarrassing, for them).

Re: Reddit raises $200M at a $1.8B valuation

#77

Post by JamesLefrere » Mon, Jul 31, 2017, 6:40 PM UTC

Semaphor wrote: post #65

kilroy123 wrote: post #50

Earlier quoted context omitted.

I disagree. I use the extension reddit enhancement suite and _that_ makes it useable.

For the desktop site, yeah. But whenever I mistakenly end up on the new mobile site (usually by using the in-app browser of my HN app, normal links open in Reddit Sync) I'm annoyed. It's slow and crappy.

It's not perfect, but it's not the end of the world. I'd prefer it if they'd stop the 'oh, but the app is 50% faster' modals; who installs apps like that these days?

Re: Reddit raises $200M at a $1.8B valuation

#78

Post by dageshi » Mon, Jul 31, 2017, 6:40 PM UTC

xiaoma wrote: post #52

spike021 wrote: post #8

>An early version of the new design, which we saw during our interview, looks similar to Facebook’s News Feed or Twitter’s Timeline: A never-ending feed of content broken up into “cards” with more visuals to lure people into the conversations hidden underneath. Not sure why this UX concept needs to be applied to every kind of interface nowadays. I think Reddit's current interface could be updated visually without cha…

>content broken up into “cards” with more visuals to lure people The reasons I left Digg for Reddit were the information density and the ease of rapid browsing. Eliminating those in favor of "cards" is incredibly short-sighted.

I would not be surprised if they shift everyone to the new view but allow users to switch back to the old style via preferences.

Re: Reddit raises $200M at a $1.8B valuation

#79

Post by sebtoast » Mon, Jul 31, 2017, 6:40 PM UTC

rthomas6 wrote: post #44

afro88 wrote: post #18

Earlier quoted context omitted.

So they're doing a Digg. End of an era. What's the "reddit" that everyone will migrate to when they change the UX?

Check out Hubski ( https://hubski.com ). It's got a great community, and a unique way displaying and moderating posts. Instead of subreddits, you follow users and tags. When you upvote posts, you share them with whoever follows you. It's sort of like a community web of trust. It works really well.

Some alternative's I have bookmarked:

https://hubski.com/

https://lobste.rs/

https://snapzu.com

https://soylentnews.org/

and Voat.

I don't really use them so I can't do a good review. I had some more bookmarked but can't find them at the moment.

Re: Reddit raises $200M at a $1.8B valuation

#80

Post by lettergram » Mon, Jul 31, 2017, 6:44 PM UTC

Interesting. Im super worried a redesign will kill the site.

However, at the same time (after thinking about it), I can see it as a necessary step.

Without a redesign it'll be hard for them to implement a way to make money. I assume, that is also how they increased the valuation; by promising increased profits.