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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

#211

Post by buzzerbetrayed »

bad_username wrote: post #188
NoPicklez wrote: post #147

Earlier quoted context omitted.

Could you not argue that HN is the same thing, just at a smaller scale? HN is essentially just a front page. Reddit just doesn't tailor itself to one particular type of discussion like HN does. But rather the dominant topics of discussion such as /r/funny frequently dominate the front page due to popularity. Reddit is really what you make of it and if you only subscribe to topics that interest you, it becomes a vastl…

In terms of features and intent HN is similar to Reddit. But HN is miles and miles ahead in the quality of discussion, moderation, and diversity of thought and opinions.

When compared to all of Reddit, sure. But not necessarily when compared to a high quality subreddit. And that is what you should be comparing HN to. HN is essentially a subreddit on a different domain.

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

#212

Post by betwixthewires »

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

Well you've got to have a concrete metric to come to that number. And while reddit is still hugely influential, it isn't what it used to be and it's importance is waning. A lot of the discourse is happening distributed across the internet nowadays, which I personally think is a good thing.

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

#213

Post by Aissen »

paulmendoza wrote: post #93

Stop 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.

It's too late. Once you've raised a little, your investors want a return on investment, so you raise more, allowing (some of) them to exit without making a loss. Rinse and repeat.

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

#214

Post by ZephyrBlu »

juped wrote: post #158
comboy wrote: post #80

Earlier quoted context omitted.

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.

True. I never want to look at articles directly from google because they're always full of bullshit with a low ratio of signal to noise.

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

#215

Post by [deleted] »

somedude895 wrote: post #160
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.

[deleted]

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

#216

Post by motogpjimbo »

christkv wrote: post #189
sprite wrote: post #178

They are purposefully making Reddit absolutely terrible on mobile web browsers. They constantly try to force you to download the app, don't let you read full threads without it, etc. It seems it just constantly gets worse and worse.

I just use old.reddit.com instead

On mobile? It renders a desktop view and is therefore almost unusable.

i.reddit.com is the mobile equivalent, but is also terrible.

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

#217

Post by clydethefrog »

christkv wrote: post #189
sprite wrote: post #178

They are purposefully making Reddit absolutely terrible on mobile web browsers. They constantly try to force you to download the app, don't let you read full threads without it, etc. It seems it just constantly gets worse and worse.

I just use old.reddit.com instead

Or even better for mobile browsing - i.reddit.com. Although the new functionalities are purposely not working there.

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

#218

Post by ZephyrBlu »

jug wrote: post #112
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…

Yes, discoverability of "good" subreddits is not there. But on the other hand I think Reddit get too much criticism. I find most subreddits besides the big catch-all ones like /r/pics good. Basically all the TV shows have fun post-episode discussions and going through Game of Thrones, Black Sails or The Expanse wouldn't have been the same without Reddit for me. It becomes the group of buddies I can vent or be in awe…

/r/formula1 has useful info, but it feels very cliquey and fanboyish.

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

#219

Post by DoingIsLearning »

patrickk wrote: post #203
frakkingcylons wrote: post #135

Earlier quoted context omitted.

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

Search a topic through multireddit and you’ll often find users collection of related subreddits on a given topic, e.g. DIY https://old.reddit.com/user/patrick_k/m/diy/

It's a great feeling when you find out something new that you really like! I did not know this was a feature and it is pretty damn cool!

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

#220

Post by betwixthewires »

_ink_ wrote: post #139
goalieca wrote: post #2

Reddit seems even better than Facebook at owning your mind.

So you think on Reddit it might be possible that different groups try to manipulate the public oppinion by utilizing bots to upvote content? Even if that would be the case how is it worse in comparison to Facebook, where a single entity is manipulating the public oppinion?

It is potentially worse because the experience gives a person the illusion or organic information spreading and popular opinion. This is very detrimental IMO. Sure, while your average grandma (to use a tired stereotype) has a hard time telling the difference between promoted content and organic content on Facebook, on Reddit most people believe that everyone they're interacting with is a unique human voice. I saw a study a few weeks ago that came to the conclusion that 50% of the accounts on big front page subs are bots, I don't have a link anymore unfortunately. Even if you know it is happening it is hard to remind that part of your brain that who you're talking to has a good chance of not being a unique individual with an opinion. Their UX is designed this way deliberately.
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