Seems really underpriced to me.
Reddit valued at $6B on a $250M round
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Re: Reddit valued at $6B on a $250M round
#12No post body was provided.
Re: Reddit valued at $6B on a $250M round
#136 billion dollars seems cheap is my original thought but really it seems like a good amount. Reddit can't really expand a significant amount more(as evidenced by their moves into video) and the monetization is terrible(who wants to buy Reddit premium, or advertise on Reddit?)
Couldn't they expand outside of the anglosphere? Basically 99% of reddit is English, unlike Facebook etc.
Re: Reddit valued at $6B on a $250M round
#14Seems like it would make for a great Facebook acquisition
... he said, horrified
Re: Reddit valued at $6B on a $250M round
#15Seems really underpriced to me.
No post body was provided.
Re: Reddit valued at $6B on a $250M round
#166 billion dollars seems cheap is my original thought but really it seems like a good amount. Reddit can't really expand a significant amount more(as evidenced by their moves into video) and the monetization is terrible(who wants to buy Reddit premium, or advertise on Reddit?)
They could take a cut on account sales in a marketplace, making it safer for buyers and sellers
Instead all these networks choose pretend that accounts aren't sold and pretend that everything is organic
I guess #ad would ruin the illusion
Re: Reddit valued at $6B on a $250M round
#17Seems low to me. Good deal for the investors.
Does it make any money though?
Re: Reddit valued at $6B on a $250M round
#18Congrats to them big time. It seriously doesn't get the recognition it deserves as the most impactful social media platform.
To me, Twitter, TikTok, Facebook, and other social media today is less about connecting people and really about driving targeted and calculated impressions of X to audiences via a user's feed.
This is astro-turfed to feel organic and botted to death by everyone because of how much influence it has to dupe people. Almost unusable.
Even though reddit is extremely guilty of this too (just browse /r/popular not logged in for example), what I find awesome about reddit is its ability to connect people and really have group conversations on almost anything.
On a positive side, it's easily the best platform for mobilizing like-minded individuals and finding historic and well documented people's experiences about literally anything. Most my Google searches on random subjects look like this: "buying a house reddit", "best board games reddit", "high protein vegan foods reddit".
Re: Reddit valued at $6B on a $250M round
#19Saddens me how far the site has fallen. The abysmal mobile experience shoehorning you into using their low quality app is frustrating.
It makes sense, need to monetize and appeal to the average internet user, but it bums me out there isn't a great replacement as of now.
Many small communities that I like, but one of my favorite search queries is "_________ reddit"
Need to understand timeshares? Want the best rice cooker? Usually reddit has a post with actual humans responding.
Re: Reddit valued at $6B on a $250M round
#20Ridiculous the Gamestop saga alone 2B and change. Should be more!