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

reuters.com

71–80 of 441 posts

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

#71

Reddit is as bad as Twitter. It has turned into a massive echo chamber, especially after they went on their ban spree. They banned r/thedonald but allowed r/politics to remain, which is a mess of uncritical discussions, brigading, downvote trains, and worse. This has led to left-wing politics and perspectives dominating virtually all the top subs and you can’t really escape it whether you’re looking at r/pics or r/te…

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

#72

I imagine a great deal of Reddit's value comes from the fact that its front page is essentially a mass viral advertising engine under the guise of original content. I remember reading only a handful of moderators control all of reddit's most popular subreddits, the ones frequently hitting the front page. These I'm sure are just sock accounts for marketing firms to use when they mass promote content. I wonder how much…

Hopefully this doesn't come off as too aggressive, but can I ask why it was necessary for you to create a new account in order to make this comment?

I don’t normally post on HN or even read it that often. So it is necessary because I lurk and just wanted to share my thoughts. I don't wanna derail things but perhaps consider most of the people on HN are probably lurkers and sometimes we make an account to join the chat :)

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

#73
post #51
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?)

Advertising on Reddit is wonderful, but you need to know Reddit pretty well to use it well.

Need to know what audience to market to or how to relate to Redditors or both?

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

#74
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?)

My parents in their 60s have discovered that Reddit is a great source of research to get real humans talking about a variety of topics (basically what Quora aimed to be but never was). I strongly feel they're just getting started.

Maybe. As a long time Reddit user I’m looking for new alternatives as it’s just getting more and more meme-y, negative snark and groupthink. This wsb thing was a perfect example. If you try to do any critical thinking you’ll get banned. Just post memes and move on.

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

#75
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?)

Advertising is largely untapped on Reddit though. Forgetting about the main subreddits and meme communities and whatnot, you have captive audiences for small niches. Say you sell bespoke bike parts or audiophile-quality headphones, there are subreddits for that. Or say /r/pcmasterrace is an opportunity for Asus, Corsair, etc. I assume many companies are already active on Reddit, but there’s an opportunity for Reddit…

Well you also landed on the problem with this scheme: a lot of reddit communities are brand poison. Does Corsair want "master race" as part of its branding experience, even if it's meant as humor? Yeah, not so much.

This is the same pit Tumblr fell into.

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

#76
post #30

Earlier quoted context omitted.

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.

lol r/seattles assemble!

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

#77
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…

Reddit is great if you unsubscribe from all the default subreddits and subscribe to programming subreddits (I'm subscribed to apachespark, julia, python, rust, vim, etc.). My Reddit feed now has more programming related articles than Hackernews.

worst complaint is not that but the rapidly deteriorating usability of the web versions

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

#78
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…

Have you tried Apollo (iOS)?

The problem for me is a good chunk of my entries into Reddit are through Google. Having an app installed means the search results will transition your entire phone into the app, wait for it to load, and then you can't smoothly go back to the Google search results.

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

#79
Reddit at this point is a native advertising platform (not just the "promoted" stuff; much of the content on popular subs is astroterfing/native advertising too) with some "niche" communities that are always inferior (worse information, less informed members) than the equivalent StackExchange or dedicated website and message board that's been around for decades.

It's a garbage website.

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

#80
post #63

Reddit is an intentionally designed dopamine machine with some areas of usefulness. There are pockets of great, high signal communities on Reddit that have not been unbundled. Discovery, however, is a mess. Some examples of some great subs: - HomeImprorvement is great for repair advice - Keto was helpful in my weight loss journey - Posture for, well, fixing my posture I've also bought and sold various digital and phy…

Reddit is a company that made people moderate their content for free.

You don't need to know sub names to get some use of it. I append "reddit" to probably 1/3 of my search engine queries. Especially useful when looking for product recommendations.

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