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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

#231

Post by Cthulhu_ »

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.

Promote buying more "wholesome" awards to cancer related posts I guess.

Are they selling an ad free experience yet?

I'm sure they'll shut down the APIs allowing third party clients (like Apollo) soon, like Twitter did.

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

#232

Post by sidibe »

toomanybeersies wrote: post #124
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've found that reddit tends to get pretty cargo culty around particular products/brands, like Sony mirrorless and the Olympus mju II for cameras, Denon DJ equipment, or Starting Strength for weightlifting. So many recommendations basically follow the form "I'm new to this hobby and bought one of these a week ago, I swear it's the best thing ever"

In any kind of subreddit about a category of products, they are all very sure that anything that's not expensive is awful. But what would real customers be doing replying to posts I'm a subreddit like that? Probably not a great place to compare things

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

#233

Post by collyw »

wyxuan wrote: 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?)

Is Reddit even generating a profit?

6 billion means approximately 1 dollar from every person on the planet. I struggle to see how Reddit is able to provide that much value.

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

#235

Post by collyw »

cblconfederate wrote: post #197

Reddit (and discord) seem to me ripe to be unbundled. They are benefiting enormously from the free labour of moderators, and their network advantage depends highly on google's asinine decisions to block out anything but the top 10 sites on their search results. Due to aging moderators, overcrowded communities and meme fatigue, we re more likely to watch their communities break off independently.

> They are benefiting enormously from the free labour of moderators

A lot of people leave Reddit because of the heavy handed moderation and groupthink.

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

#236

Post by lmm »

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.

Maybe. But content on reddit has better provenance data than content on the web in general; reddit has found a version of identity that strikes the right balance. You can take an arbitrary comment and be able to tell with reasonable confidence whether there's an at least somewhat "real" user behind it, in a way that you just can't for a random blog or a product review anywhere else.

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

#237

Post by lmm »

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.

I wouldn't say miles and miles ahead. HN is consistently where Reddit was about 3 years ago.

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

#238

Post by matsemann »

leereeves wrote: post #201
matsemann wrote: post #193

Earlier quoted context omitted.

> in a bid to align to progressive left political views Is there really this huge conspiracy by the left, or are most just tired of hate speech from the right when they want to look at funny memes? > it is far from a place to have conversations on almost anything Well, except for this alt-right stuff and things that are illegal, are so much else censored? I'd wager most people could find a discussion about any of the…

Half of the content on r/popular is hate speech about the right. It's among the most partisan, and from one point of view, toxic, sites on the Internet, but apparently, from another point of view, that's just "funny memes". In contrast to the Hacker News guideline "assume good faith", the attitude on reddit is more like "assume anyone who disagrees is evil".

> Half of the content on r/popular is hate speech about the right.

[Citation needed]. You don't do your point any favors by being hyperbolic. And as always, the "both sides are both equally bad"-rhetoric is just discussing in bad faith.

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

#239

Post by [deleted] »

jakuboboza wrote: post #172

Reddit has one thing going for it. Not much competition just like Facebook. It is a hard market to break into (social media) and people just don't try. We have new startups focusing on newest hottest shit like AI driven solution to mashing potatoes. But rarely we see startup tackling good old social media. Maybe because it is high fail area while current AI fueled rush is not yet branded high fail area ? Anyway good…

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