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

reuters.com

241–250 of 441 posts

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

#241
Reddit is one confusing machine with an ever-changing algo! I've been using the platform for quite some time now and trust me it's been driving me insane ever since!

I mainly use it to engage with meaningful subreddits such as SaaS, startups, entrepreneurs, growth marketing, marketing automation, etc. since I work at WebEngage - a leading full stack marketing automation stack!

But, duuuude! I think another 5 years down the line I'll still say, "I am new to Reddit!"

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

#243

Earlier quoted context omitted.

My parents in their 60s have discovered that Reddit is a great source of research to get real humans talking about a variety of topics (basically what Quora aimed to be but never was). I strongly feel they're just getting started.

Lately I have been adding "reddit" to all the questions I ask google because I know some "real" person on reddit will have a relatable answer. I too feel this is untapped potential.

I do that as well. If the Reddit search was better I’d happily start the search from there, but it does feel like a major failing on Google’s side when it can only provide me with SEO spam.

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

#245

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.

The direction of travel has been opposite of that for 10+ years. Small forums that used to exist on niche subjects are being absorbed into reddit.

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

#246

Earlier quoted context omitted.

They're monetizing the app and forcing mobile users onto it. The desktop site is just a way for them to acquire mobile users.

I'm curious, what makes the mobile app easier to monetize than their mobile web version? I get that push notifications can help bring people back, but other than that what benefit do they get by forcing people from web to native?

No ad blockers in the app.

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

#247

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 I am a redditor for 7 years and that was true early on. Today it is not. You can connect and have group conversations only if you subscribe to a certain dominant political and cultural narrative, walk on egg shells, and toe a line. If you don't, you are swiftly downvoted and banned. There is no escape from this eve…

>certain dominant political and cultural narrative,

You mean dominant across all of reddit or dominant in that specific sub? There are plenty of subs that have a political and cultural bent quite different from the overall reddit one.

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

#249
post #112

Earlier quoted context omitted.

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.

I think that's just an accurate reflection of F1 fandom, rather than anything to do with Reddit.

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

#250

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.

Find subreddits by similarity:

https://trevor.shinyapps.io/subalgebra/

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