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

reuters.com

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

#151

Post by swarnie_ »

perryizgr8 wrote: post #138
paxys wrote: post #110

Earlier quoted context omitted.

Zuck buys (and cripples) products that are a threat to Facebook, and Reddit doesn't operate in the same space.

Reddit and similar websites are definitely a long-term threat to FB. A lot of the people I know use FB just for the messenger and almost all of the time they used to spend in FB has moved to reddit.

I have no data but i imagine 95%+ of the reddit user base provide no engagement (lurking only) or want to stay anonymous.

That must heavily influence the quality and worth of any data Zuck would want to suck out of Reddit.

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

#152

Post by h0p3 »

redisman wrote: post #17
google234123 wrote: post #6

Seems low to me. Good deal for the investors.

Does it make any money though?

Probably. Will it make more? Probably. It is not even clear to me that Reddit's value to an investor is entirely in virtue of simply how much money it can make.

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

#153

Post by omegabravo »

frakkingcylons wrote: post #135
efrank02 wrote: post #99

Earlier quoted context omitted.

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

My issue is that you can’t serendipitously stumble upon random interesting subreddits without using the front page.

recommendations work well, but that's practically the only method.

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

#154

Post by h0p3 »

torbital wrote: post #150
xyst wrote: post #58

Earlier quoted context omitted.

User data my dude. All of that unfiltered data, and conversations are gold in the data mining age.

Pretty sure all conversations are public, so you can just scrape for free.

They aren't all public. Let us say, instead, that most of it is public. Furthermore, let us consider that publicness, like privacy, comes in degrees (and perhaps kinds).

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

#155

Post by passivate »

cheeze wrote: 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…

Yeah, the dark-pattern to push you to their app is pretty annoying. Their app actually works way better than any mobile browser I've used. I don't know what underlying tech they built it on, maybe its optimized for their particular workload. Still, I'd want that option in my own control. They've already implemented a mobile specific front-end that works, why cripple it?

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

#156

Post by pjscott »

throwawaysea wrote: post #69
WORMS_EAT_WORMS wrote: post #18

Congrats 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…

> what I find awesome about reddit is its ability to connect people and really have group conversations on almost anything I see Reddit at its best in niche subreddits but it is far from a place to have conversations on almost anything. The site as a whole as well as most of the biggest subs have banned various topics or lines of discussion in a bid to align to progressive left political views.

If a subreddit forbids discussion of a topic, you probably wouldn't have been able to have a good conversation about it anyway. Don't go to the biggest subs! Avoid the places that have been taken over by the most aggressive enforcers of mass culture! Reddit's great redeeming virtue is that it's big enough for groups with more liberal discussion norms to flourish, if you can find them.

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

#157

Post by [deleted] »

dmode wrote: post #145

Reddit to me feels very undervalued. As witnessed by the GameStop saga and previously through the influence of r/D_T, Reddit has tremendous influence on modern society and shapes a lot of our narratives. They should be valued way over $6bn

[deleted]

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

#158

Post by juped »

comboy wrote: post #80
rkho wrote: 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.

This just works because Google is at a more advanced stage of decay into content farm dystopia than Reddit is.

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

#159

Post by MegaButts »

comboy wrote: post #127
fireattack wrote: post #101

Earlier quoted context omitted.

>looking for product recommendations This is the trick I use too; but I found the result still isn't great enough for a few reasons. 1. People seem have a tendency to recommend products/brands that are niche or "in minority". Like some obscure ones that scratch particular itch for that user (and often expensive and hard to find). This is totally fine on its own, but you want to have the big picture (i.e. learn about…

I agree with all of the above but there are two good dynamics. For small niche subreddits where you only get a few answers it seems less likely that those are advertisements (and user history is often telling) And on bigger subs, it's much harder to manipulate the answer unless your product is already pretty decent and you're just fighting over some market spot. In other words, obviously bad products won't be able to…

> In other words, obviously bad products won't be able to advertise this way because of negative comments

Negative comments can be downvoted and it's not a secret that you can buy reddit accounts and that there are lots of bots. A comment only needs what, 5 downvotes before it's automatically minimized by the default view? You're not seeing those comments unless you're digging, the same way you would on Amazon or anywhere else.

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

#160

Post by somedude895 »

rkho wrote: 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…

Don't forget r/askhistorians

One of the most well-moderated communities out there with clear and stringently enforced rules that cares about one topic only and allows no soap boxing, low quality comments or toxicity.

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