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Reddit valued at $6B on a $250M round

reuters.com

41–50 of 441 posts

Re: Reddit valued at $6B on a $250M round

#41

Seems like it would make for a great Facebook acquisition ... he said, horrified

It would be cheap enough. And would make a lot of sense on paper but this feels more like a yahoo buy and run into the ground kind of play if yahoo still existed. This doesn't give facebook what it wants.. a new platform with younger minds to lockin. vsco.co seems like a better bet as an instagram buy. Surprised they didn't make a play for tiktok but they seem to want more messaging platforms connecting people.

Re: Reddit valued at $6B on a $250M round

#42
post #19

Saddens 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 coo…

If you're looking for an alternative check out https://sqwok.im

It's a sort of hybrid between Twitter, Reddit, and Slack aimed at open, frictionless discussion using real time messaging instead of comments.

It works on mobile and desktop web, and while still early and in active development, I definitely appreciate feedback!

Cross posted this thread: https://sqwok.im/p/TC2uSScaSpqllg

Re: Reddit valued at $6B on a $250M round

#43
post #30
post #19

Saddens 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 coo…

I think the app works great. And the conversations are usually pretty good too as long as each side is willing to be civil. Particularly in my local city/community subs. For example, my local city sub is like NextDoor only without the nut jobs and constant "my Pitbull got loose in the park again" posts.

wow, my local city sub is a nightmare. All three of them are, really, created one by one as the current 'main' one got progressively worse. It's the one safe place all the people in the surrounding suburbs have to talk about how much they hate the place, apparently.

Re: Reddit valued at $6B on a $250M round

#45
post #9

6 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?)

Subscription-based subreddits?

Re: Reddit valued at $6B on a $250M round

#46
post #30
post #19

Saddens 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 coo…

I think the app works great. And the conversations are usually pretty good too as long as each side is willing to be civil. Particularly in my local city/community subs. For example, my local city sub is like NextDoor only without the nut jobs and constant "my Pitbull got loose in the park again" posts.

When the app works it's perfectly fit for purpose. When it doesn't it feels like Reddit is a pets.com era company trying to play in the arena where Facebook and Google dominate.

Re: Reddit valued at $6B on a $250M round

#48

At some point, free Reddit is going to have to start to suck in order to make money. If they make premium Reddit simply behave the way that current free Reddit does and abandon the silly "awards-based" revenue model, I think they might stand a chance to turn a profit.

>free Reddit is going to have to start to suck

What do you mean start?

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