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

techcrunch.com

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

#71

Post by darkpuma »

ppod wrote: post #45
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've always thought that the day they crossed the line was when they arbitrarily changed which subreddits were default, removing some (such as /r/atheism) with no real reason. At the very early days of reddit, discussing atheism positively was still kind of unusual in the news. Then, over time, it became a very popular position and advocacy case especially among developers, and new users found the stridency and repet…

You didn't need to be religious to find /r/atheism obnoxious. Anybody remember that "faces of atheism" meme years back? Possibly the most obnoxious, pretentious and self-congradulatory thing I've ever seen become popular on reddit. At first it was funny, but reddit is pretty good at pushing jokes long after they've become stale.

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

#72

Post by axaxs »

The only problem I have with Reddit from a valuation perspective is that it doesn't really offer much 'secret sauce.' The tech itself is not great, and I don't really know of anyone who likes the redesign. Point being, the value is all in the users and content. Users are fickle, and as we saw from Digg (and lesser extent, StumbleUpon), can flee en masse at any moment. That's a tough pill for me to swallow as a potential investor.

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

#73

Post by stockavuryah »

EnFinlay wrote: post #2

Fun, I deleted my 9 year old account last night. It's wasn't out of some high-minded thing about how they're turning more into Facebook or privacy or anything. That site just hits my dopamine so effectively I had to quit and block it in my /etc/hosts. I am spending more time on HN though...

I hope you didn't delete all your useful comments over the years. That would be a shame.

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

#76

Post by joelthelion »

aluminussoma wrote: post #34

Ever since the site redesign in May, popularity has been falling (source: Alexa Top Websites): https://www.alexa.com/siteinfo/reddit.com I hope that affected the amount of money they raised. As a reddit fan, the site redesign has not been pleasant. The mobile experience, too.

That's good news. I hope it makes them rethink their relationship to their users.

Well, otherwise, tildes is looking great.

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

#77

Post by tambourine_man »

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.

It's easy to get such connections with half a billion active users.

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

#78

Post by 0xJRS »

bduerst wrote: post #57
gfwhuuku wrote: post #25

Earlier quoted context omitted.

I think that new banner is so much better than the old one, though. https://i.imgur.com/PF3Zc8R.jpg

It's still bad. They should cookie the choice so it doesn't always pop up every time.

That wouldn't fit the business model of "push them to the native app as hard as possible"

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

#79

Post by dx87 »

komali2 wrote: post #39
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…

Re: "Download the app!" gates, banners, etc. Medium does this too. Why? What's the business reason? What does a native app provide the business that a mobile website doesn't?

Forcing people to use a native app means they can inject ads without having to worry about being blocked by a browser extension.
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