Live data from Hacker News

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

techcrunch.com

441–450 of 877 posts

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

#441

Earlier quoted context omitted.

Yeah the horde of edgelords in WPD totally isn't one of the reasons the sub got quarantined. Gore will always be considered shock content, but the comments in WPD are almost always downright repulsive.

Dare I ask what an edgelord is?

Urban dictionary definition - https://www.urbandictionary.com/define.php?term=edgelord

But in general people who try to be "edgy" and "dark" to a fairly ridiculous degree.

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

#442

Control-F: distributed (0 results) Control-F: peer (0 results) Control-F: p2p (1 result) Can we seriously not come up with a way to make a distributed reddit? I imagine running a client on sandstorm.io which is pulling content from subreddits that are each hosted in a sandstorm.io instance. Is the problem with that that it becomes too easy to doxx someone? That we like having a centralized authority that we can "trus…

I had worked on one a few years ago, which used a DHT to exchange messages which were signed GPG JSON. At one point I had it using a Dining Cryptographers-style algorithm to post messages fairly anonymously. I don't recall if that stayed in.

One problem with P2P these days is that you need people to run servers, which they don't typically want to do. I made a small RaspPi box they could run, and planned to run a public instance for people who didn't want to go that far.

One problem I ran into is how to stop terrible posts. Freenet/etc have a problem with people sharing illegal and harmful material, and I didn't particularly want to help with that.

Additionally, when you create an alt-platform, it gets used be people who are kicked off of mainstream platforms. I didn't really want to end up creating a service primarily used by pedophiles and nazis.

I think there are ways to solve the technical challenges, but it's still difficult to solve the community-management in a distributed/sane way.

(The solution I came up with btw was opt-in mods. People could publish a ban list, and you could subscribe to whomevers you want. But I don't think that's a great long-term solution)

I still think there is some good work to be done in this space, and I may circle back to it someday, but the community elements are vexing.

You can see my version at https://github.com/e1ven/Tavern

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

#443
post #214

Earlier quoted context omitted.

> What incentive do I have to sign up? Arguably the best Reddit experience is only available when you are signed in. Reddit's greatest value come from niche communities. Personally I enjoy things like r/savagegarden, r/mycology and r/askhistorians, so when I log in I see pictures of mushrooms and carnivorous plants, and get to read interesting articles about history and science. If you don't log in and subscribe to t…

Yes we all know the logged in experience is terrific. However, the anonymous experience is (was) also terrific for very different reasons. Reddit is next to unusable on mobile safari in incognito mode. Sometimes I don’t want to be tracked. I want to read whatever I want to at the moment, without having that be associated to my name in a database somewhere, and without having related ads follow me around. It’s an inte…

It's an intellectual freedom that has no precedent throughout history. If you walked into a library in the 1950s and thumbed through a book about communism, you were probably put on a list. If you walked into a privately owned book store, the owners had a right to gossip and tell others what you purchased, and I'm sure many people unfortunately made use of that liberty. This isn't new.

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

#444

It amazes me the kind of sheer incompetency their product team has demonstrated over the past 2-3 years. (Edit - as pointed out in replies to this post, this is an unfair characterization fueled by my recent frustrations with the direction the site is going. I don't think it is unreasonable to point out that reddit is failing the expectations of their users, but I don't doubt for a minute that the individuals working…

"10 years ago when reddit would go down, you rooted for them as the underdog to figure it out. Now when it happens, it's just sad. They still can't even handle the kind of traffic that the super bowl brings them. They've had years to figure this out." Reddit goes down pretty rarely and I can't remember when it was ever down more than an hour or two. It also definitely didn't go down for the SuperBowl that I saw. The…

It down right now for me, second time this week. It's a fairly common occurence

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

#445

Earlier quoted context omitted.

Reddit played a big part in the 2016 USA elections that crowned Trump. Reddit had to change its front page algorithm to avoid having Trump content near the top of the page for almost the whole time. The subreddit in question organized itself to mass-upvote certain posts at certain times, and Reddit wasn't prepared for such massive, non-organic influence. I wonder how big of a part the Russian bots and trolls played.…

Reddit is still a haven for the far-right. It really leaves a bad taste in my mouth that they are tolerated there.

It is also still a haven for the far-left. Does that leave a bad taste in your mouth too?

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

#446
post #214

Earlier quoted context omitted.

Yes we all know the logged in experience is terrific. However, the anonymous experience is (was) also terrific for very different reasons. Reddit is next to unusable on mobile safari in incognito mode. Sometimes I don’t want to be tracked. I want to read whatever I want to at the moment, without having that be associated to my name in a database somewhere, and without having related ads follow me around. It’s an inte…

Uh, you know you can make multiple accounts and don't need to even associate an email, right? You can browse just as anonymously logged in as out.

I'm specifically talking about Reddit mobile on incognito mode. You are bombarded by App ads and even dark pattern modals trying to get you to install the app. Compare it to HN, which is a great experience in normal or incognito mode.

I get that I can create an anon account, but I don’t want to spend 5 minutes doing that every time I open an incognito tab.

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

#447
post #57

Earlier quoted context omitted.

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

This doesn't work for people who browse Reddit without cookies or signing in, such as for those who use Private Browsing.

So what? That demographic self-selects to be hard to track, so there isn't any good way to track their decision on the pop-up regardless.

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

#448

Interesting that most of the comments here are about Reddit itself (the product) and almost nothing about Tencent. For reminder, Tencent owns - Riot Games (League of Legends, one of the most played game in the west) - Epic Games (Fortnite, another one of the most played game in the west) - and now Reddit (one of the most visited social network in the west)

So just purely based off investments, Saudi Arabia owns Twitter. Russia has had its hands in Facebook since 2009. Now China has a big stake in Reddit. Genuinely curious where this will lead.

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

#449
post #237

Has Reddit ever had a profitable quarter, let alone year? I thought I saw that revenue had been rising but they also have significantly ramped up expenses, doubling employees and lots of new infrastructure (ex: their self-hosted video platform). This sounds like greater fool theory if the investors in the latest round think they'll be able to peddle it for greater than $3 Billion without it ever bringing a dime of ac…

They have never had a profitable quarter or year.

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

#450
I'm confused why Reddit has gotten a free pass on the fake news thing when from my observations they're #1 in that department, ahead of Twitter and then Facebook. Reddit offers the easiest sign-up process making it a haven for vote-manipulation (and thought manipulation) bots. They only just started 'locking' compromised accounts, which just forces a password reset which bots totally can't do. Could it be that the fake news & bots on Reddit just support the correct side?
Post reply on HN