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

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

#471

Post by hopler »

debaserab2 wrote: post #372
georgespencer wrote: post #343

Earlier quoted context omitted.

I find this sort of slightly gloating incredulity at just how "obvious" the things a company ought to be working on are to be surprising. You have almost none of the information required to make informed judgements about whether or not Reddit's product team is incompetent (maybe they're doing way better than they should be under the circumstances?), or whether they're focusing on the right things. There are definitel…

Reddit is a top 20 globally ranked site that does not come anywhere close to performing at the level of other sites that share a similar popularity. In my mind, they fail their users in three distinct and pretty basic ways: 1. Site reliability is still a regular issue (my perception is this is due to both infrastructure problem and show stopping application bugs). 2. Bad UX practices that get implemented that are doc…

#visits isn't what matters when judging competency, amount of revenue/spending for the quality is. How much revenue do they have? They have only less than 1% of the valuation of Google

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

#472

Post by dexoplex »

Tencent, the giant tech company leading the funding round, owns Wechat and is helping to implement elements of the Chinese Social Credit System.

One such recent feature for the program they are trialing is nicknamed the "Deadbeat map". https://www.abc.net.au/news/2019-01-24/new-wechat-app-maps-d...

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

#473

Post by rjbwork »

WalterSear wrote: post #455
rjbwork wrote: post #251

Earlier quoted context omitted.

You can just permanently set your account to use the old layout/view. I've noticed little to no changes other than user profiles, which are the "old new" ones. On my phone I use reddit is fun. I have no issues at all with reddit atm in terms of them fucking with my experience.

"permanently" for Conde Naste defined values of permanence. Legacy mode will be phased out as soon as it has served their purpose of smoothing over the transition. Or, it will be allowed to die of neglect, slowly becoming less and less compatible with the site until fully unusable.

And that's fine. I absolutely can't stand the new layout, so if that happens I'll stop using it. Probably not good for their metrics for a 13 year user of the service to stop using it I'd guess. I don't even block ads on it. And I sometimes click them if they're relevant (which, lets face it, they are these days).

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

#475

Post by hopler »

solarkraft wrote: post #469
saalweachter wrote: post #346

Earlier quoted context omitted.

Reddit is ~1 year younger than Facebook, and ~1 year older than Twitter.

That is amazing. While Facebook has reached world domination and died again (spawning an empire and catapulting its owner to be one of the world's richest people), Reddit still seems to be slugging around in the "we have something, maybe we can monetize it idk" phase. While admire that CN is not squeezing them to death, it appears like Reddit is vastly under-managed.

$3B is a failure now?

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

#476

Post by jedberg »

superfrank wrote: post #384
ssnistfajen wrote: post #294

Earlier quoted context omitted.

I'd love to be surprised with a decent competitor but all of the Reddit spin-offs I've seen are all trying to be not-Reddit, and that often includes keeping the community niche/exclusive.

I think we'll see something eventually. There's too much money there and there isn't much of reddit that isn't copyable.

I think 100 million users is harder to copy than you think.

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

#477

Post by crowdpleaser »

sneakernets wrote: post #296
crowdpleaser wrote: post #204

Earlier quoted context omitted.

>Frankly, Democrats are being pulled to the left by the progressives and Republicans went hard right years ago with the tea party The democrats have moved further left than republicans have moved right since 1994/2000: http://www.people-press.org/interactives/political-polarizat... What's interesting is that most democrats want a more moderate party and most republicans want a more right/conservative party: https://w…

I really think "The illegals" needs to be erased from the discourse. Unless they have a distinct species moniker, they're still human beings located in the wrong place politically (in the geographical sense).

There's a simple solution - legalize everything and see how it pans out.

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

#478

Post by ndnxhs »

throwawaymath wrote: post #378
debaserab2 wrote: post #151

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…

If nothing else, I think your conclusion that the product team is incompetent (or displays a lot of incompetency) is debatable. That seems very uncharitable. Reddit isn't flush with money the same way Google, Facebook, Amazon and Netflix are. They can't throw wild amounts of cash at a problem to solve it or attract the talent who can. I think your characterization of Reddit's infrastructure challenges - which basical…

They dont need to throw huge amounts of money at it. Reddit was much much better a few years ago. Its next to useless now.

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

#479

Post by vivekd »

6cd6beb wrote: post #281
ryanmcbride wrote: post #259

I know someone worked for reddit for a while last year (they don't anymore because they hated every second of it) and from what I understand the engineering teams there are a nightmare of groups that don't talk to each other, constantly write the same code in completely different ways, have no common style and just shoehorn in whatever they want. Everything breaks pretty much all the time. All of that is aside from t…

>the platform itself hosts tons of alt-right, incel, racist, sexist, and violent content. This is despite being pretty ban-happy in general about topics they don't like. So now they've got the worst of a censorship-heavy platform and the worst of a censorship-free platform.

Yeah the bigger subreddits tend to be bad for meaningful discussion and have a lot of deplatforming and trolling. That said the smaller niche subreddits dedicated to a parituclar specialization tend to be better. I really got a lot our of r/ppc for internet marketing. I found that r/candlemaking was a great subreddit for the niche hobby. I think it's a bit like real life, things that are popular tend to attract trolls and megalomaniacs while small, niche and technical things tend to attract a better group of people. y.

The only downside is that maybe these niche communities would have done better as individual forums existing on the open web rather than as a part of reddit's walled garden.

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

#480

Post by jarjoura »

OMG, the amount of hate in here, it's so disturbing! I know we're all entitled to our opinions, but this is quite depressing. Reddit has been such an incredible space for me to discover myself and adds tremendous value to my life. I for one celebrate that they are growing and look forward to a long future together.
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