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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

#361

Post by throwaway894345 »

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…

I agree about the core experience and the recommendations. I am often recommended stuff from r/news and r/politics and the topics appear interesting, but the comments are invariably shitposts. The discourse aligns superficially with my politics, but if I was so insecure in my beliefs that I needed to surround myself with a group of people who incessantly dragged caricatures of my political opponents, I’d log onto Twitter.

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

#362

Post by JustSomeNobody »

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.

They're doubling their workforce to do just that.

I'm sad for what Reddit will become in the next two years.

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

#363

Post by system16 »

gogopuppygogo wrote: post #144
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…

Not to mention the barrier of getting past the /r/popular posts rises when you use the new design or mobile app. The breath of fresh air that is old.Reddit.com won’t last much longer I’m afraid.

I've been a reddit user for over a decade and for the last few years mainly use it with the Apollo reddit client on iOS, or the rare times I log in to old.reddit.

I recently searched for discussion on a topic and ended up at the "new" web design while not logged in and was blown away by how user hostile it is. Ads disguised as content, promoted posts, gating comments through multiple hoops, unnecessary thread reloads... basically enough dark patterns to make Pinterest blush.

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

#365

Post by Drip33 »

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…

Another example of a great sub:

/r/kidneystones

sad face noises

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

#366

Post by encom »

TomSwirly wrote: post #306
leereeves wrote: post #293

Earlier quoted context omitted.

> Why would you even think that that was a conservative hating comment? The hate in that comment wasn't directed only at Ron: "people like this", "these fucks". The comment doesn't specify who "these fucks" are, but the sub generally directs hate toward conservatives, so that's a reasonable assumption. > because of his behavior and others who behave in that way Others who behave in what way? The post I linked contain…

[flagged]

> The level of contempt that Europeans have for Trump would just stagger you,

Don't believe what your TV tells you. There are plenty of European Trump supporters.

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

#367

Post by f430 »

OmegaPG wrote: post #279

I am a digg refugee and using Reddit for 12 years. Reddit has some serious lack of moderation issues and too much politics now a days. Most of the country based subreddits are hijacked by the political ideologies of just 1-2 moderators. For example, /r/India is hijacked by the moderators with political affiliation to Congress and AAP and they ban users immediately with any opinion which doesn't fit their narrative. I…

not only that but there are still far right leaning moderators running subreddits like r/canada and r/vancouver

its impossible to elect moderators in a democratic fashion so we are stuck with the political bias of the people who created the subreddit first and it leads to all sorts of censorship and is a big source of misinformation.

for instance we see a single user /u/maxwellhill responsible for most of the headlines posted on r/worldnews. Many redditors and people in general can't be bothered to practice critical thinking and will gladly skim over headlines which are also optimized to get upvotes.

In addition, the over supply of awards, the availability of farmed reddit accounts for sale are all used to manipulate and trigger herd mentality.

For example the wallstreetbets and GME short squeeze that they are still waiting to happen. It's insanely easy to create these pseudo realities and brainwash people simply by gaming something as trivial as scores in a database because people simply trust numbers, doubly more so if they are awarded on reddit.

I argue that without Reddit, crypto, bitcoins, meme stocks wouldn't see its insane market prices.

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

#368

Post by encom »

OmegaPG wrote: post #279

I am a digg refugee and using Reddit for 12 years. Reddit has some serious lack of moderation issues and too much politics now a days. Most of the country based subreddits are hijacked by the political ideologies of just 1-2 moderators. For example, /r/India is hijacked by the moderators with political affiliation to Congress and AAP and they ban users immediately with any opinion which doesn't fit their narrative. I…

r/Denmark is the same way. Absolute toxic moderation. Any dissenting opinion is deleted.

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

#369

Post by yuppiepuppie »

TomSwirly wrote: post #302
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…

I don't get that valuation, though. I've been on reddit for 13 years (today!) and I have never once purchased anything I've seen advertised there - because I never see anything advertised there. I don't run ad blockers or anything. How do they justify a $6 billion valuation?

Strange. Do you pay anything to them? I know reddit gold removes the ads. I still use old.reddit.com and I see ads on my front page when Im browsing outside my pi.hole or adblocker

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

#370

Post by isatty »

tomerico wrote: post #176

Reddit ads suck - and that's exactly the reason why the company is worth so much (and probably more). The predominant consumption pattern is similar to the other major social networks - scrolling through an infinite feed of dopamine inducing content. This indicates that its earning potential could be closer to that of Facebook and Instagram with the right ads in place. This also brings the point that Reddit would be…

Everyday reddit user of 12 years here, Facebook buying them would be the event that'd force me to leave. Their redesign almost did it, but Apollo saved me.
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