Live data from Hacker News

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

reuters.com

81–90 of 441 posts

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

#81
post #2

Reddit seems even better than Facebook at owning your mind.

Considering the enormity of what you're saying, more details would be nice.

I know people whose opinions entirely stem heavily from Reddit. What stocks to buy, what products are best, how to dress, how to do your hair, where to travel, where to eat, what music is good, what movies are good, etc.

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

#83
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…

It’s cheaper to hire a social media person to shill on smaller subs than buy adverts. Reddit is full of blatant advertising as normal posts

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

#84
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 a lot of that has to do with changes in the google search algorithm. Years goneby forum posts and discussion boards were frequently featured at the top of many searches. Nowadays you have to give google a hint as you suggest. I don’t know why it was changed, but I suspect that the reason is that very few forums have ads on them and google would prefer to send you to ad rich sites.

The much more likely explanation is that no one is using forums anymore. Forum posts still show up in google but they are always from 2009.

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

#85

What feels like a big missed opportunity for Reddit is having a front-page without the low-quality subreddits. People often say to just never visit /r/popular because of all the garbage, but it's unfortunately the only way to discover subreddits when you’re not looking for anything in particular. Sure, if you know what you're looking for, it's pretty easy to find the appropriate subreddit. But if you just want to wan…

> having a front-page without the trashy [0] subreddits

Whatever makes the front page "trashy" (whatever you mean by that) would also make your hypothetical modified front page so.

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

#86

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.

Reddit badges, btw, are a great example of native advertising. In addition to advertisers badging their native ads, I would guess that most badges on reddit are fake, either automatically awarded by the software to popular posts or given out arbitrarily by reddit staff, with the intent of giving users the impression that it's common for redditors to spend real money to "gild" or otherwise flair posts that they like, so that they might do the same (despite the fact that none of the money goes to the person who authored the post they like).

For those doubting this, remember that Reddit was bootstrapped by Spez and Alexis (by their own admission) posting stories through many sockpuppet accounts to make the early community seem larger and faster-growing than it really was.

EDIT: https://arstechnica.com/information-technology/2012/06/reddi...

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

#87
Reddit is a top ten site in the US, but is valued at a fraction of its competitors. The main worry I have for reddit moving forward is how do you monetize a userbase that is HIGHLY resistant to change. They're pushing heavily into their new mobile app, which is a solid start as an ad platform, but the old crowd on reddit all came from Digg after Digg tried to change their model to support more revenue. Their users will jump ship if they push too hard / too quick. I love reddit and use it heavily, but I don't see how they become profitable without alienating their userbase.

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

#88
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?)

Its potential to be used for surveillance seems to contribute quite a bit of value here. Marked advertising and donations are red herrings. Granting access in order to create "organic" seeming sentiment molding campaigns does also seem to have some major value.

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

#89

Most Reddit readers worth real advertising $ use ad blockers of one kind or another. I’m happy for the Reddit team, and hope they’re able to make a responsible revenue stream out of the fundraise.

As a marketer, Id position non-techy people are well worth advertising to also.

That said on the bunch of times I've tested reddit paid ads its always has one of the worst ROI's. A good organic campaign is far better if you have the ability to engage people in a genuine way.

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

#90
post #87

Reddit is a top ten site in the US, but is valued at a fraction of its competitors. The main worry I have for reddit moving forward is how do you monetize a userbase that is HIGHLY resistant to change. They're pushing heavily into their new mobile app, which is a solid start as an ad platform, but the old crowd on reddit all came from Digg after Digg tried to change their model to support more revenue. Their users wi…

Digg users had an attractive alternative to run to. Reddit users don't.
Post reply on HN