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Reddit raises $410M in new funding

nytimes.com

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Re: Reddit raises $410M in new funding

#351

Post by RosanaAnaDana »

majormajor wrote: post #30
themanmaran wrote: post #7

I'm honestly surprised to learn that Reddit is still VC dependant. Seems strange to me that a 16 year old company still isn't self sustaining.

The cost is fascinating. Is the value of a single place for all these conversations that much higher than having a bunch of independent forums scattered across the web? For users, there's a high discovery value... but at the cost of apparently far more expense running the site than has been able to be recouped yet. Curious to see that even where centralization hasn't financially paid off, people are willing to keep t…

Reddit should just shift to a paid model where there are no adds across the entire site and the subs you sub to get a portion of your revenue to manage the sub.

Re: Reddit raises $410M in new funding

#352

Post by ShroudedNight »

le-mark wrote: post #319
pageandrew wrote: post #224

Earlier quoted context omitted.

The problem with the "private company" line that, yes, they're a private company, but censorship is definitely still bad! Free speech is a fundamentally protected right in the US. From the Founder's perspective, the greatest threat to that right was clearly and obviously government, because what other entity could possibly have that much reach into one's life? Up until the internet age, no one could imagine a private…

You post about free speech but appear to be quite ignorant about the topic. Example why is it considered a crime to yell “fire” in a crowded theater? Educate yourself and stop posting annoying banal rhetoric.

> Example why is it considered a crime to yell “fire” in a crowded theater?

Is it?

https://www.popehat.com/2012/09/19/three-generations-of-a-ha...

Re: Reddit raises $410M in new funding

#353

Post by emodendroket »

question000 wrote: post #338
jasondigitized wrote: post #293

Why does Reddit need funding? Legitimate question. What are they going to spend this money on? A direct ad sales team? I would assume it takes a somewhat small engineering and DevOps team to keep it running. Is there a huge roadmap of features that requiring $100m in engineering?

If Reddit doesn't get this funding it will become insolvent it's valuation will be seen as the obvious BS it is, companies like Pinterest, Tiktok, Twitter, maybe even YouTube will collapse overnight. Reddit MUST show growth, even if it's just buying clicks and junking the stats, if it doesn't all our jobs go out the window. But I'm pretty sure they will, the big thing now is to have a big e-commerce advertising compo…

Do you really think Google is going out of business “overnight” or are you just thinking YouTube is an independent company?

Re: Reddit raises $410M in new funding

#355

Post by opinion-is-bad »

fshbbdssbbgdd wrote: post #336
Doctor_Fegg wrote: post #161

Earlier quoted context omitted.

Yes, this. Google and Facebook make it super easy to advertise. Whenever I've tried to advertise on Reddit, nothing shows up, I have no idea why, and the advertising UI gives me no clues.

I’m feeling bad for some unknown director at Reddit when their boss reads this thread.

Well, they are kind of failing at their job in a big way, likely costing the company billions of dollars in the process. I don’t feel that bad for them. 5% of other socials in revenue per user is comically bad.

Re: Reddit raises $410M in new funding

#356

Post by lordlic »

cwkoss wrote: post #177
initplus wrote: post #123

Earlier quoted context omitted.

One thing that they do not seem to be taking advantage of is how specialized many of their communities are. It seems primed for letting advertisers target to specific audiences, but as a user I don't really feel like the ads I get are targeted to what I read at all? Maybe I am uninformed but it seems like an advertising goldmine that hasn't been taken advantage of. If you are a PC components retailer, users of /r/bui…

Reddit should charge for all commercial posts. It would clean up spam and generate revenue. Make a special class of commercial account, include some 'verification' badge thingy. Let subreddits ban all commercial content, unpaid commercial content, or leave open (for commercial-specific subs). Let mods profit share in commercial posts. (And fix the moderator system so "first to register controls the sub" is no longer…

This is an absolutely bizarre proposal. You want moderators to willingly pollute their subreddit with ads in exchange for personally getting a kickback from reddit? Users would either migrate en masse to competing subreddits with decent mods, or they'd stay due the same old problems with moderator inertia...

Re: Reddit raises $410M in new funding

#357

Post by emodendroket »

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…

Practical guarantee of brigading.

Re: Reddit raises $410M in new funding

#358

Post by umvi »

koolba wrote: post #342
Clewza313 wrote: post #335

Earlier quoted context omitted.

But that's precisely the question: why are they hiring?

So they can raise more VC. Seriously, what part of this don’t you understand?

Sort of reminds me of this girl I see on Facebook. She is an "entrepreneur". Her business? Helping other people start their own businesses! Yes, but what kind of business is she helping them start? Same as her own business - paid training sessions on how to start a business!

Re: Reddit raises $410M in new funding

#360

Post by edoceo »

TchoBeer wrote: post #242
edoceo wrote: post #173

Earlier quoted context omitted.

View page: Something went wrong, refresh, refresh, scrolls, clicks load more, scroll, upvote. Results: longer time and the user will now actually engage, because they had to "work" to get there. Complete dark-pattern to "juke the stats". And it's too complicated for their stupid investors to understand why the numbers are bullshit.

Do you have any data to suggest that a more frustrating viewing experience boosts engagement? Intuitively it should do the opposite.

The thing is, which works against intuition, is that when an addict works a little more for the hit, they "deserve" it more.

Most of the data I have is about heroin and cocaine. And folks are very reluctant to like physically addictive things to these technologic addiction things.

But human nature is very consistent regarding these dopamine releases. We're all fienders.

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