I still dont understand how something like Reddit can be worth billions of dollars. It feels like such a random, empty number
Reddit valued at $6B on a $250M round
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Re: Reddit valued at $6B on a $250M round
#92Reddit 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…
And fake shills from all over the globe able to target communities with a microscope of oppression? It is total insanity that the digital citizen doesn't have rights to know who is not a verified person and who could be one of million bot accounts.
Re: Reddit valued at $6B on a $250M round
#93Stop raising money. Each time you do that you increase the pressure on the site to make more money to earn the valuation. If the company is valued at $6B today then it probably needs to get to at least $18B valuation in two years. How? By trying to extract even more money from the users.
Re: Reddit valued at $6B on a $250M round
#94Reddit 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,…
> 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
I received for the first time yesterday, 100 credits for free from Reddit. I had to spend it within 24hrs or lose it, so I guilded the most interesting comment I read that hour.
Re: Reddit valued at $6B on a $250M round
#95Reddit 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.
unfortunately, I have found this increasingly less useful as marketers catch on.
Re: Reddit valued at $6B on a $250M round
#96Reddit 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…
And fake shills from all over the globe able to target communities with a microscope of oppression? It is total insanity that the digital citizen doesn't have rights to know who is not a verified person and who could be one of million bot accounts.
>It is total insanity that the digital citizen doesn't have rights to know who is not a verified person
I would gladly trade having to manually filter through the crap for anonymity online. I think there's absolutely a niche for platforms serving (only?) verified people, but I don't think that should be the default in the way that saying it's a right for digital citizens to know implies.
Re: Reddit valued at $6B on a $250M round
#97Seems like it would make for a great Facebook acquisition ... he said, horrified
They're already in FTC's sights. The change in administration makes that more complicated, but not even a Biden nominee would be able to reign in the lawyers if FB did that.
Re: Reddit valued at $6B on a $250M round
#98Reddit 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.
yet
Re: Reddit valued at $6B on a $250M round
#99Reddit 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…
I’ve never spent time on r popular or the main page. If you only spend time in subs Reddit is very well designed and I think less exploitative than other social media