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Reddit raises $410M in new funding

nytimes.com

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Re: Reddit raises $410M in new funding

#371

Post by dlandis »

umvi wrote: post #358
koolba wrote: post #342

Earlier quoted context omitted.

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!

Yeah, I know someone who did the exact same thing. I guess it's similar to a pyramid scheme in that the more people you "coach" or "mentor", the bigger your personal brand will get and the more opportunities you will get.

Re: Reddit raises $410M in new funding

#372

Post by Seattle3503 »

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?

Because VC loves giving money to companies with no real plan.

Re: Reddit raises $410M in new funding

#374

Post by Seattle3503 »

gogopuppygogo wrote: post #343
Clewza313 wrote: post #335

Earlier quoted context omitted.

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

To lose money gaining market share so they can eventually sell ads to those eyeballs. I still use old Reddit. If they get rid of old Reddit I’ll never go back. I wish Kevin Rose had managed to keep Digg a competitor.

It is already bit rotting. There are some pages that return 500 errors on the old site but work in mobile.

Re: Reddit raises $410M in new funding

#375

Post by id5j1ynz »

TheRealDunkirk wrote: post #164
shantnutiwari wrote: post #53

As someone who tried to advertise on reddit (though it was > 1-2 years ago, so things may have changed)-- Reddit, along with Twitter, is very advertiser unfriendly. And Im not just talking about the users. I literally couldnt give them my money. I wanted to target a specific subreddit, but couldnt buy any impressions on it for 3 months. The app kept forcing me to advertise on /all, or all technology reddits, which wa…

If they were making money, they wouldn't have to keep taking VC money, and further diluting their ownership.

Having 10% stake in a 10b company is often better than having a 15% stake in a 5b one.

Re: Reddit raises $410M in new funding

#376

Post by sb057 »

umvi wrote: post #358
koolba wrote: post #342

Earlier quoted context omitted.

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!

Sounds like a rather cannibalistic model if you ask me.

Re: Reddit raises $410M in new funding

#377

Post by SavantIdiot »

josephcsible wrote: post #347
uDontKnowMe wrote: post #328

Earlier quoted context omitted.

What do you mean by democratic? Are you thinking of some kind of election system to replace mods, and if so have you seen such a mechanism work anywhere else on forums?

Stack Exchange isn't quite a forum, but doesn't its system fit that description and work well?

StackOverflow is HEAVILY moderated. And still has lots of garbage. I have questions constantly taken down for being too vague, offtopic, not the right stackexchange, or not technical enough. I've even responded to takdowns with links to questions with hundreds of points that were almost the same, and ... nope. At least mark it redundant.

Re: Reddit raises $410M in new funding

#378

Post by Seattle3503 »

dillondoyle wrote: post #253
cwkoss wrote: post #177

Earlier quoted context omitted.

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…

Will it fix onlyfans spam!!?!?!

They make so much money off of Reddit, and reddit captures none of that value. It doesn't seem right.

Re: Reddit raises $410M in new funding

#379

Post by mathattack »

arthurcolle wrote: post #313
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?

Avocado toast, caramel macchiatos and AWS charges. Maybe legal costs too

Don’t forget the coconut water and sales President’s Club trip.

Re: Reddit raises $410M in new funding

#380

Post by le-mark »

pageandrew wrote: post #364
le-mark wrote: post #325

Earlier quoted context omitted.

> you call me banal? Your reading comprehension seems a bit lacking, casting doubt on your other statements. To be clear I am asserting that your claim censorship by private companies is unjust; that is banal, annoying, and ignorant.

Forget about “just” or not. Do or do you not think it’s a good thing for private individuals to be able to unilaterally censor what can be said in what really is the new public square?

The fact you perceive any particular message posted to any particular for profit social media site as being a “public square” is more the result of successful marketing and ignorance than reality.
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