Reddit raises $410M in new funding • Hacker News Board

Re: Reddit raises $410M in new funding

#111

Post by snuxoll » Thu, Aug 12, 2021, 8:59 PM UTC

saisundar wrote: post #79

dcolkitt wrote: post #9

On a visitor perspective, this seems undervalued. This is a 50% or more discount to the market-cap/unique visitor ratio of Twitter, Snap, and Facebook.[1] And all the stats I've seen indicate much higher user engagement and time on site for Reddit compared to the other social platforms. The biggest issue is of course that their monetization is horrible. Like 95% lower per user than the other socials.[2] So the real q…

Reddit currently supports many third party freemium clients ( Ala Twitter 2012). These third party apps offer a no ad experience too. Unsure how much revenue reddit shares with these apps though. It helps with growth(more options for users to be on reddit) , but definitely hurts ad inventory, ad targeting insights etc.

I think this is likely why Reddit has heavily pushed direct revenue with an expansion of awards available (cheapest ones are 50 coins now), in addition to the continued ad-free option with a premium subscription.

Re: Reddit raises $410M in new funding

#112

Post by post_break » Thu, Aug 12, 2021, 8:59 PM UTC

sergiotapia wrote: post #99

In the hn tiktok thread, I saw a salient comment that said: "When I visit reddit I just leave angry". Tiktok doesn't have this problem. I always have fun on that app, and leave feeling like it was a good time. Reddit is the total opposite. Nothing but people screaming and mods power-tripping, forever. Never experienced a website that objectively has such terrible impact on peoples lives. Are they going to use this mo…

That's all dependent on the subs you visit. I have learned so much on reddit. News and leaks before it breaks anywhere else. How to 3D print stuff. Extremely complicated laws and how to avoid going to prison for stuff I knew nothing about.

Reddit is the ultimate "it is what you make of it" website. If you spend your time in the subs that make you angry then yeah, but if you narrow it down to only things you like you'll have a great time.

Re: Reddit raises $410M in new funding

#113

Post by emodendroket » Thu, Aug 12, 2021, 9:00 PM UTC

paulpauper wrote: post #81

muttantt wrote: post #76

Gotta pay the team of people that wholesale censor information there

the mods are even worse than admins in many respects. mods for popular subs have considerable control over what is allowed or not. Many subs have enormous blacklists of users,domains,and even words. As well as stupid, arbitrary content guidelines pertaining to length, the title, the body, and other stuff. Reddit admins have the most power but they tend to not get involved unless a sitewide rule is broken.

So join a different community on Reddit whose rules you like better, or make one. Why does everyone have to allow everything?

Re: Reddit raises $410M in new funding

#114

Post by c7DJTLrn » Thu, Aug 12, 2021, 9:00 PM UTC

sergiotapia wrote: post #99

In the hn tiktok thread, I saw a salient comment that said: "When I visit reddit I just leave angry". Tiktok doesn't have this problem. I always have fun on that app, and leave feeling like it was a good time. Reddit is the total opposite. Nothing but people screaming and mods power-tripping, forever. Never experienced a website that objectively has such terrible impact on peoples lives. Are they going to use this mo…

The front page is a perfected outrage machine. I don't think even Twitter comes close to it.

Re: Reddit raises $410M in new funding

#115

Post by slownews45 » Thu, Aug 12, 2021, 9:01 PM UTC

Valuation was $10B per linked article for those curious (I was).

Re: Reddit raises $410M in new funding

#116

Post by emodendroket » Thu, Aug 12, 2021, 9:01 PM UTC

khazhoux wrote: post #106

CamelCaseName wrote: post #90

Earlier quoted context omitted.

> Many subs have enormous blacklists of users,domains,and even words. This is the most pathetic slam against mods I have ever seen and shows that you haven't spent two seconds considering what you're criticizing.

Ironically, your comment itself also lacks any detail of countering or clarifying information, and is itself just a content-free slam on the person you replied to. Is your point that the mods don't have all these blacklists (including of words), or that the mods do have the blacklists but they're allowed and expected to? Is the mod system working well, in your opinion?

If you try moderating one you'll see quickly why these tools are necessary.

Re: Reddit raises $410M in new funding

#117

Post by pageandrew » Thu, Aug 12, 2021, 9:01 PM UTC

paulpauper wrote: post #81

muttantt wrote: post #76

Gotta pay the team of people that wholesale censor information there

the mods are even worse than admins in many respects. mods for popular subs have considerable control over what is allowed or not. Many subs have enormous blacklists of users,domains,and even words. As well as stupid, arbitrary content guidelines pertaining to length, the title, the body, and other stuff. Reddit admins have the most power but they tend to not get involved unless a sitewide rule is broken.

I've been permanently banned from almost all of the top COVID related subs for daring to discuss disallowed topics, like the Wuhan lab, as well as expressing anti-lockdown sentiments. My appeals have been instantly denied as well.

I understand the idea that subreddits are user-run communities and should be able to self-moderate, but there are a couple problems with this:

1. Reddit claims to be the "front page of the internet" and promotes many of these top subreddits with front-page rankings, user suggestions, and push notifications. Therefore, reddit mods have immense power in controlling the flow of information to those who believe they're interacting with a reputable source, and Reddit corporate has washed their hands of any responsibility to have a say in this, despite the profit they receive from it.

2. Reddit corporate certainly is willing to get involved with subreddits, by banning or quarantining certain subs for spreading "misinformation", but this seems selectively applied to one particular side of these issues. Anti-lockdown subreddits are banned for downplaying Covid, but major Covid subreddits openly feature fear-mongering posts that overplay, say, the risk of the virus to kids. Both are misinformation, but one is allowed and and the other is banned.

Re: Reddit raises $410M in new funding

#118

Post by buu700 » Thu, Aug 12, 2021, 9:01 PM UTC

CamelCaseName wrote: post #90

paulpauper wrote: post #81

Earlier quoted context omitted.

the mods are even worse than admins in many respects. mods for popular subs have considerable control over what is allowed or not. Many subs have enormous blacklists of users,domains,and even words. As well as stupid, arbitrary content guidelines pertaining to length, the title, the body, and other stuff. Reddit admins have the most power but they tend to not get involved unless a sitewide rule is broken.

> Many subs have enormous blacklists of users,domains,and even words. This is the most pathetic slam against mods I have ever seen and shows that you haven't spent two seconds considering what you're criticizing.

I get where you're coming from, as I created /r/relationship_advice. The existence of such blacklists, even "enormous" ones, isn't inherently bad; it's just a reality of dealing with an enormous flood of spam on a $0 budget.

That being said, blacklists on strings have 100% been abused by both the mods and the admins. Blacklists should be used for mitigating spam — e.g. we'll often block a specific attacker by blacklisting certain phrases or regexes and then deal with the inevitable edge case false positives by hand — not generally for censoring ideas or "offensive" words.

Sure, by all means block phrases like "kill yourself" in /r/SuicideWatch and maybe /r/relationship_advice. If a sub is inciting violence or posting CP, there's probably a case for banning it. But when people have to self-censor common curse words and even the word "fart" in a general forum like /r/tifu, clearly something is wrong.

Re: Reddit raises $410M in new funding

#119

Post by pageandrew » Thu, Aug 12, 2021, 9:02 PM UTC

emodendroket wrote: post #113

paulpauper wrote: post #81

Earlier quoted context omitted.

the mods are even worse than admins in many respects. mods for popular subs have considerable control over what is allowed or not. Many subs have enormous blacklists of users,domains,and even words. As well as stupid, arbitrary content guidelines pertaining to length, the title, the body, and other stuff. Reddit admins have the most power but they tend to not get involved unless a sitewide rule is broken.

So join a different community on Reddit whose rules you like better, or make one. Why does everyone have to allow everything?

Reddit pushes certain communities to the front page and suggests them to users, and quarantines/bans other communities.

Re: Reddit raises $410M in new funding

#120

Post by SkyMarshal » Thu, Aug 12, 2021, 9:03 PM UTC

kiba wrote: post #101

paulpauper wrote: post #81

Earlier quoted context omitted.

the mods are even worse than admins in many respects. mods for popular subs have considerable control over what is allowed or not. Many subs have enormous blacklists of users,domains,and even words. As well as stupid, arbitrary content guidelines pertaining to length, the title, the body, and other stuff. Reddit admins have the most power but they tend to not get involved unless a sitewide rule is broken.

That's what make reddit great. Certain reddit are heavily moderated and you get great content. If you don't like how moderation done, go start your own reddit.

> go start your own reddit.

This is actually what makes reddit great, that anyone can start their own subreddit, mod it however they want, and compete with all the others based on the merits of its own content, community and moderation style.