Reddit is raising a huge round near a $3B valuation • Hacker News Board

Re: Reddit is raising a huge round near a $3B valuation

#21

Post by collyw » Tue, Feb 05, 2019, 6:02 PM UTC

brettgriffin wrote: post #5

I've given up most social media but have become obsessed with Reddit. No matter how much I use it, I'm constantly amazed that I can be immediately connected with the most knowledgeable and enthusiastic people on virtually any subject I care about. I'm not a fan of the redesign or their push to look at other social media platforms, but I understand the direction they have to go to build revenue.

> I can be immediately connected with the most knowledgeable and enthusiastic people on virtually any subject I care about.

Politics on Reddit seems to fall into either The_Donald or "Orange man bad" with very little objectivity in the middle in my experience.

Re: Reddit is raising a huge round near a $3B valuation

#22

Post by xeromal » Tue, Feb 05, 2019, 6:03 PM UTC

wowzap wrote: post #17

brettgriffin wrote: post #5

I've given up most social media but have become obsessed with Reddit. No matter how much I use it, I'm constantly amazed that I can be immediately connected with the most knowledgeable and enthusiastic people on virtually any subject I care about. I'm not a fan of the redesign or their push to look at other social media platforms, but I understand the direction they have to go to build revenue.

Seriously? I just assume most people on there are in high school, it seems like a place where the lowest common denominator ideas get upvoted and everything else gets nailed.

Depends on the subs you subscribe to. Reddit is as good as you make it to be.

Re: Reddit is raising a huge round near a $3B valuation

#23

Post by sosodev » Tue, Feb 05, 2019, 6:03 PM UTC

wowzap wrote: post #17

brettgriffin wrote: post #5

I've given up most social media but have become obsessed with Reddit. No matter how much I use it, I'm constantly amazed that I can be immediately connected with the most knowledgeable and enthusiastic people on virtually any subject I care about. I'm not a fan of the redesign or their push to look at other social media platforms, but I understand the direction they have to go to build revenue.

Seriously? I just assume most people on there are in high school, it seems like a place where the lowest common denominator ideas get upvoted and everything else gets nailed.

In most subs I'd say you're right. Niche subs can be really great though.

Re: Reddit is raising a huge round near a $3B valuation

#24

Post by nopriorarrests » Tue, Feb 05, 2019, 6:03 PM UTC

wowzap wrote: post #17

brettgriffin wrote: post #5

I've given up most social media but have become obsessed with Reddit. No matter how much I use it, I'm constantly amazed that I can be immediately connected with the most knowledgeable and enthusiastic people on virtually any subject I care about. I'm not a fan of the redesign or their push to look at other social media platforms, but I understand the direction they have to go to build revenue.

Seriously? I just assume most people on there are in high school, it seems like a place where the lowest common denominator ideas get upvoted and everything else gets nailed.

This is 5th most visited website in US and definitely one of the biggest in terms of raw text UGC.

You can find anything you want there if you look long enough.

Re: Reddit is raising a huge round near a $3B valuation

#25

Post by gfwhuuku » Tue, Feb 05, 2019, 6:03 PM UTC

minimaxir wrote: post #16

I've been a fan of Reddit for a very long time (as the amount of data science work I've done with their data can attest to), but lately it seems like the incentives between Reddit as a business and Reddit as a community leader are not aligned, and that is a problem. The increasing amount of dark patterns Reddit has been employing lately is concerning. (recent example: Reddit now gates content in mobile Safari to push…

I think that new banner is so much better than the old one, though.

https://i.imgur.com/PF3Zc8R.jpg

Re: Reddit is raising a huge round near a $3B valuation

#26

Post by ben_jones » Tue, Feb 05, 2019, 6:03 PM UTC

Reddit will continue to face decisions between their community and business goals, often with the community goals being ethically green and the business goals being ethically grey. I have every faith they will choose the business goals with every matter of consequence, which is why I want to ween myself off it.

Re: Reddit is raising a huge round near a $3B valuation

#27

Post by rootusrootus » Tue, Feb 05, 2019, 6:03 PM UTC

omega3 wrote: post #18

I find that the quality of the content and discussion on Reddit has been slowly declining. Even previously high quality/very specialized subreddits are getting overrun by poor content and snowflakes.

I feel the same way about HN. Which makes me think maybe it isn't really Reddit or HN that are changing.

Re: Reddit is raising a huge round near a $3B valuation

#28

Post by callinyouin » Tue, Feb 05, 2019, 6:04 PM UTC

ltbarcly3 wrote: post #8

Reddit has been raising money for almost 15 years! I wish I had the connections to VC's that reddit apparently does. I can definitely spend all the money a VC gives me, then raise more money, and then spend all that money, and never turn a profit for 15 or 20 years.

I've been thinking about this, too. If you have the right connections and can pull down a bunch of VC money year after year for your business it seems you could go your entire career without having to generate profit!

Re: Reddit is raising a huge round near a $3B valuation

#29

Post by yalogin » Tue, Feb 05, 2019, 6:04 PM UTC

Reddit is the only social media I use. Never used any other services at all. The only annoyance is the redesign. It completely sucks. Very much reminds of the digg 4.0 redesign before it died. I don't know why all these aggregation sites go to that look and feel but its very bad to use. Hope they don't abandon supporting the old design. That would definitely make scale back my time on there significantly.

Re: Reddit is raising a huge round near a $3B valuation

#30

Post by gfwhuuku » Tue, Feb 05, 2019, 6:04 PM UTC

wowzap wrote: post #17

brettgriffin wrote: post #5

I've given up most social media but have become obsessed with Reddit. No matter how much I use it, I'm constantly amazed that I can be immediately connected with the most knowledgeable and enthusiastic people on virtually any subject I care about. I'm not a fan of the redesign or their push to look at other social media platforms, but I understand the direction they have to go to build revenue.

Seriously? I just assume most people on there are in high school, it seems like a place where the lowest common denominator ideas get upvoted and everything else gets nailed.

That's because you visit popular subreddits. Anything under <50k subscribers is good, <10k is great. (Mostly made up numbers, but you get the idea.)