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

reuters.com

421–430 of 441 posts

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

#421

Earlier quoted context omitted.

There is so much blogspam and SEO gaming going on now that google results are very low quality for any topic where there's money to be made.

Very good point. That is exactly why I stop visiting known network sites for answers. Especially when its topics like car repair, or home repair tips etc... It always goes to a fake SEO page with no real useful information. So then it's either reddit or some very niche forums, but forums are hard to use.

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

#422
post #412

Earlier quoted context omitted.

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.

The community came VERY close to jumping ship when a beloved low (mid?) level employee was terminated back in 2015.

But they didn't because there wasn't an alternative, as there isn't now.

The alternative site (and it has to be one site, nor multiple, topic-specific sites) has to either already be massively active when the triggering event occurs.

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

#423
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…

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

#424
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

I agree, but only if I compare to airbnb ($120B), doordash & roku (59B), or maybe the more directly comparable snapchat at 95B.

Perspective is skewed by the stock market doing crazy things lately. Reddit doesn't get the benefit of that.

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

#425

Earlier quoted context omitted.

wow, my local city sub is a nightmare. All three of them are, really, created one by one as the current 'main' one got progressively worse. It's the one safe place all the people in the surrounding suburbs have to talk about how much they hate the place, apparently.

lol r/seattles assemble!

I did wonder how unique a scenario that was :)

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

#426
post #191

Earlier quoted context omitted.

It’s different now. As one of those Digg refugees who has now been looking to ditch reddit for a long time, there just isn’t a good, obvious reddit alternative in the same way there was a good, obvious Digg alternative. The internet is too grown up, too parceled out, the big players are too dominant.

What do you look for in an ideal reddit alternative?

Reddit, but with a hivemind that agrees with my political views.

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

#427
post #80
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…

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. When I'm looking for a product rec or review, looking up an experience doing something or even a health symptom, and many other things, the first attempt with Google is a dismal failure.. Does Google think we are so stupid that we don't see that paid garbage has replaced data in search results?

So reddit is added as a keyword.

How soon before the user generated content is fully under centralized control so they can go back to force-feeding in search?

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

#429

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 agree, but only to the extent that HN is really just a subreddit which focuses on technology/software engineering.

If HN grew significantly and wanted to enable more diverse conversation, it would essentially turn into a Reddit.

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

#430

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 agree only to the extent that HN only focuses generally on technology based discussions. I would also argue that Reddit has much more diverse thought and opinion, although not necessarily of high quality.

My point is that HN is lucky that it is small and focuses on a particular topic of discussion and therefore it is quality over quantity. Reddit is a beast and allows discussion around really anything that pleases people. But it is a victim of its size and really reflects problems with other social media platforms such as FB and Instagram where rigorous moderation is next to impossible at that scale at the moment.

Think of /r/Wallstreetbets as an example, a subreddit that went from around 2.5 Million subscribers to 8.8 Million subscribers in a week. How do you appropriately scale moderation to content like that.

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