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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

#261

Post by markdown »

wraptile wrote: post #199
markdown wrote: post #90

Earlier quoted context omitted.

Digg users had an attractive alternative to run to. Reddit users don't.

Reddit is really not that special under the hood. Given the opportunity it can be replaced. It just suffers from people moving issue most social networks suffer. A decentralized alternative Lemmy[1] is already quite feature complete and in many ways even better than reddit itself. It's just a bit of a ghost town and many of the instances are aimed towards and/or controlled by political/social rejects.

It just suffers from people moving issue most social networks suffer.

"just"? Reddit is the community, not code. Users aren't going to run off to Lemmy or any other site. It just isn't going to happen.

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

#262

Post by datenhorst »

dpcan wrote: post #30
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…

I think the app works great. And the conversations are usually pretty good too as long as each side is willing to be civil. Particularly in my local city/community subs. For example, my local city sub is like NextDoor only without the nut jobs and constant "my Pitbull got loose in the park again" posts.

The best Reddit user experience by far is via third party apps like Reddit is Fun. I am expecting them to turn of API access for those apps any day now.

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

#263

Post by drstewart »

matsemann wrote: post #193
throwawaysea wrote: post #69

Earlier quoted context omitted.

> 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.

> 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…

> 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?

[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

#264

Post by leereeves »

matsemann wrote: post #238
leereeves wrote: post #201

Earlier quoted context omitted.

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.

I was going to say my citation is r/popular itself, but it looks like there's less of it now that the election is over. During the election it was disgusting.

The toxic content is still there though, like a LeopardsAteMyFace post crowing about the death of Ron Wright, and as if to prove my point: "This thread has been locked due to extremely toxic and rude comments." Such as the current top comment "...I'm really past playing nice with even the memory of these fucks...... Rot in hell, Ron."

The discussion was too toxic even for the LeopardsAteMyFace mods, but they didn't delete it. It's still visible, and featured on r/popular. That sub (and the other we-hate-conservatives subs) are often filled with hate speech like that, and yet, unlike r/TheDonald, they haven't been quarantined.

https://www.reddit.com/r/LeopardsAteMyFace/comments/lflxdi/a...

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

#265

Post by La1n »

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.

>diversity of thought and opinions.

I don't think so, HN has a pretty specific audience. Just like reddit opinions that don't follow groupthink are often downvoted.

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

#266

Post by matsemann »

drstewart wrote: post #263
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…

> 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? [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.

Trying to be smart by copying my other post doesn't really work here, does it?

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

#267

Post by [deleted] »

leereeves wrote: post #264
matsemann wrote: post #238

Earlier quoted context omitted.

> 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.

I was going to say my citation is r/popular itself, but it looks like there's less of it now that the election is over. During the election it was disgusting. The toxic content is still there though, like a LeopardsAteMyFace post crowing about the death of Ron Wright, and as if to prove my point: "This thread has been locked due to extremely toxic and rude comments." Such as the current top comment "...I'm really pas…

[deleted]

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

#268

Post by Blikkentrekker »

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.

That is because H.N. has essentially only one sub board which could be called “technology”.

If the single board were about relationship advice, some identity politics subject, video games, or some pornographic theme, the quality would drop similarly.

Reddit's r/programming is, for instance, not all too bad but r/linux is a disaster, for it is quite close to identity politics.

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

#269

Post by leereeves »

matsemann wrote: post #266
drstewart wrote: post #263

Earlier quoted context omitted.

> 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? [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.

Trying to be smart by copying my other post doesn't really work here, does it?

It works as well as it did on my post, where I said nothing about "both sides". And responding to criticism by calling it "'both sides are both equally bad'-rhetoric" is definitely discussing in bad faith.

I'm not talking about "both sides", my point is about reddit's hypocrisy in allowing hate speech directed at conservatives. In an alternate reality where reddit chose to ban all hate speech, the discussion would be very different.

I would post examples, but they'd probably get me banned from HN just for quoting them. And your responses are descending into flames, so I'm just going to step away.

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

#270

Post by smcl »

collyw wrote: post #233
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.

Wikipedia seems to think they had revenue of $100m in 2018, so it sounds like either a LOT of this is profit or the investors are extremely optimistic that it can grow significantly.

I'm with you though. I am continually dumbfounded by the sky-high valuations for these kinds of companies. Many on HN act like it's all normal and cool, and when you cast any doubt on their valuations or suggest there may be a bubble you are treated like an out-of-the-loop normie who doesn't "get" the internet. Time will tell, I suppose.

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