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Reddit raises $410M in new funding

nytimes.com

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Re: Reddit raises $410M in new funding

#301

Post by [deleted] »

cwkoss wrote: post #255
hutzlibu wrote: post #188

Earlier quoted context omitted.

"And fix the moderator system so "first to register controls the sub" is no longer the case" Suggestions? This is a complex proplem.

I think it probably needs to not be fully automatic, but users should be able to vote to nominate a moderator for removal or addition, subject to admin discretion. Ideally, any user of the sub should be able to see the 'case' and contribute why they think the mod would/is doing a good/bad job, and people can upvote and downvote reasons. Maybe kind of use AITA's style of comment voting (but with admins finalizing deci…

[deleted]

Re: Reddit raises $410M in new funding

#303

Post by fy20 »

babelfish wrote: post #285
emodendroket wrote: post #283

Earlier quoted context omitted.

Reddit communities are similar to Facebook groups, I guess, but pseudonymy gives things a different feel.

Thread-based comments also lend themselves to much more conversation IMO - Facebook hasn’t nailed threaded comments with a depth greater than 1 yet

This is my biggest gripe with Facebook Groups, along with finding old content, but it seems that Facebook is much more niche than Reddit.

For some topics, say a speific car model, I've found that Reddit may have a general subreddit for the manufacturer, or maybe a specific subreddit with a few posts a week, but on Facebook there's a group that has 50 or so posts a day. And then there's often even more specific groups, for say modding or regional groups.

Re: Reddit raises $410M in new funding

#304

Post by techrat »

shitloadofbooks wrote: post #294
techrat wrote: post #270

Earlier quoted context omitted.

> Seems strange to me that a 16 year old company still isn't self sustaining. Based on Reddit's own information, it would appear that they are. Picking just one frontpage sub, /r/News, you can check the guilded page and see: > gildings in this subreddit have paid for 142.83 years of server time pics? 291.80 years. funny? 364.09 years. aww? 624.43 years. askreddit? 724.03 years. politics? 314.93 years. That's 6 subs.…

You do realize reddit is a company that hires humans, right, and those humans need to be paid for their time with money? You're making a huge leap about profitability based on a fraction of their running costs.

You do realise that TWO THOUSAND YEARS worth of server time just from six (of about 138,000 active subreddits) pays for more than just a handful of employees?

And this is before ad sales.

Hell, when it comes to ad sales...

They hit > $100 mil this QUARTER.

https://redditblog.com/2021/08/12/reddit-secures-funding-to-...

Reddit is a 9 figure company. Soon to be 11 figures.

> We will raise up to $700 million in Series F funding, led by Fidelity Management and Research Company LLC. and including other existing investors, at a post-money valuation of over $10 billion.

They're not hurting.

Re: Reddit raises $410M in new funding

#306

Post by Blikkentrekker »

buu700 wrote: post #275
Blikkentrekker wrote: post #263

Earlier quoted context omitted.

> FWIW, I think it's silly that reddit has banned the term "retard" site-wide, although I also acknowledge that the term may be becoming broader and more offensive than I personally understand it to be. Do you have any source of this? As far as I know Reddit bans no words site-wide, and I see the term used now and then. On the very same website a post could not come through because I described someone as having “reta…

Do you have any source of this? Not offhand, but I've heard of users getting temporary suspensions for using the word, although I don't believe there's an automated rule site-wide. It's also completely useless Not entirely. Sure, if you're a dedicated attacker trying to tell a specific target to kill themselves, there's not much I can do about it; you'll acquire an aged account with decent karma and find a way to do…

> Not offhand, but I've heard of users getting temporary suspensions for using the word, although I don't believe there's an automated rule site-wide.

Merely for using the word? this seems like a myth to me. Various subreddits would obviously ban for it if used as a direct insult, but banning any use of it side-wide seems unlikely.

> If you're just a regular person going about your day and say something stupid, an automod removal with a warning that circumventing the rule will result in a permanent ban is probably sufficient to make you give up and move on with your life. And of course bots that aren't specifically designed to circumvent my subreddit's rules would be trivially blocked.

In which case it would be just as effective to simply give a warning based on detected words that various conduct with it will not be tolerated and that a moderator will be automatically informed of the post, and to remind users to make use that their usage of the word falls within the guidelines.

This would eliminate scuntorpe false positives, and have about the same effect of stopping the intended behavior.

Re: Reddit raises $410M in new funding

#307

Post by syrrim »

MuffinFlavored wrote: post #207
imnotreallynew wrote: post #202

Something that hasn’t been brought up in this thread is the massive problem Reddit has regarding large scale bot networks. Reddit allows for unlimited account creation and has extremely poor, if any, detection algorithms. Additionally, its trivial to stream and analyze the entirety of Reddit comments and posts in real time (check out PRAW if you like Python). Networks pushing COVID narratives and crypto frauds are pr…

> Reddit allows for unlimited account creation and has extremely poor, if any, detection algorithms. Why don't they put some CAPTCHAs? They have no CAPTCHAs anywhere in account creation + post first time comment + first time thread + first time direct message?

Of course they do. That merely slows the rate at which you can create accounts.

Re: Reddit raises $410M in new funding

#308

Post by superkuh »

sjg007 wrote: post #278

Cool. I remember when Reddit launched and everyone was trying to figure out how they would make money. It looks like they made $100m last year so as long as they keep engagement up and optimize I think things will go well. I was surprised at only 50m DAUs.. that means there is a lot of growth left especially internationally. One thing to ask is, what problem does Reddit solve? And to stretch an anthropomorphism: if R…

>what makes reddit and say facebook so different?

After ~2014, nothing. Reddit drove off it's original user base and replaced them with the exodus of people who want to use Facebook but think Facebook is bad for various reasons. Reddit corporate has obliged them.

Re: Reddit raises $410M in new funding

#309

Post by Havoc »

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…

> On a visitor perspective, this seems undervalued.

Cause they’re always one drama away from losing tons of people. The platform seems to attract drama involving the platform and decisions made more than say Twitter does

Re: Reddit raises $410M in new funding

#310

Post by pixl97 »

deelowe wrote: post #249
NortySpock wrote: post #239

Earlier quoted context omitted.

"the top 20 most upvoted comments in the subreddit within the last year, with the user having more than X posts per year in the subreddit, Y karma per post and more than 1000 characters per post, are invited to become moderators" Only really works for the in-depth subreddits, I guess it's not going to get you far on image or other media-based subreddits...

Wouldn't this just turn reddit into a spam site?

Do you mean it's not already?
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