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

Re: Reddit raises $410M in new funding

#461

Post by cromulen » Fri, Aug 13, 2021, 8:34 AM UTC

lmm wrote: post #452

mike_d wrote: post #401

Earlier quoted context omitted.

Reply to a video with a comment mentioning u/savevideo and you'll get a response in a few minutes with a link. I think Reddit Enhancement Suite might also have an option for adding a download link. As for an official paid feature: as soon as they start collecting money for video related features, the video creators will start circling for their cut of the revenue.

> Reply to a video with a comment mentioning u/savevideo and you'll get a response in a few minutes with a link. Not anymore, they've banned it.

No they haven't. It voluntarily and temporarily shut down. Someone was pretending to represent Reddit threatened to sue u/savevideo, but Reddit admins stepped in and confirmed it wasn't them and that they don't have anything against u/savevideo

Re: Reddit raises $410M in new funding

#462

Post by duckmysick » Fri, Aug 13, 2021, 8:40 AM UTC

Seattle3503 wrote: post #378

dillondoyle wrote: post #253

Earlier quoted context omitted.

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.

Maybe Reddit could raise more funding and buy OnlyFans.

Re: Reddit raises $410M in new funding

#463

Post by tpush » Fri, Aug 13, 2021, 8:40 AM UTC

dang wrote: post #384

tpush wrote: post #295

Earlier quoted context omitted.

Are you announcing a murder-suicide here? @dang

I understand how alarming it is when people post on such an extremely painful topic, but probably this is a place to recall the site guideline that says " Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith. " I can think of other things bserge might have meant. https://news.ycombinator.com/newsguidelines.html p.s. @dang is a no…

Got ya, sorry!

Re: Reddit raises $410M in new funding

#464

Post by lostlogin » Fri, Aug 13, 2021, 8:43 AM UTC

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.

Or not. More adverts and it becomes gross. Paying to avoid adverts might be an option, and while this makes it a protection racket, I’d take it over adverts.

Re: Reddit raises $410M in new funding

#465

Post by cpach » Fri, Aug 13, 2021, 9:43 AM UTC

kevin_thibedeau wrote: post #422

opinion-is-bad wrote: post #355

Earlier quoted context omitted.

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.

Taking in $400M at this stage is already a pretty sure sign of failure and that they don't know how to run a business. Probably too many MBAs busy optimizing their career ascendancy to be concerned with pesky details like competently securing revenue streams. It's not that hard to show ads to self-selecting niche audiences.

“It’s not that hard to show ads to self-selecting niche audiences.”

Perhaps not. Honest question though: Have you tried, at scale?

Re: Reddit raises $410M in new funding

#466

Post by cpach » Fri, Aug 13, 2021, 9:44 AM UTC

lostlogin wrote: post #464

fshbbdssbbgdd wrote: post #336

Earlier quoted context omitted.

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

Or not. More adverts and it becomes gross. Paying to avoid adverts might be an option, and while this makes it a protection racket, I’d take it over adverts.

I wouldn’t call it a racket though since it’s entirely voluntarily to use Reddit, or not use it. And there’s also the possibility to set up other competing forums, with or without ads.

Re: Reddit raises $410M in new funding

#467

Post by question000 » Fri, Aug 13, 2021, 10:06 AM UTC

emodendroket wrote: post #353

question000 wrote: post #338

Earlier quoted context omitted.

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?

Yes, Google is mostly spam now. Digg went out of business, Enron went out of business, Google could just as easily. They are forcing a lot of activity now by just allowing people to abuse their site by allowing fake traffic that's just bots. The SEO for every search is noticeable worse each year, it's always pointless to check every anything past the 3rd result, I can't even find stuff I remember being able to find in the past.

Re: Reddit raises $410M in new funding

#468

Post by NationalPark » Fri, Aug 13, 2021, 10:48 AM UTC

kevinmchugh wrote: post #324

NationalPark wrote: post #226

Earlier quoted context omitted.

I wonder if their problem is that the majority of their traffic is unregistered users looking at NSFW subreddits. So they may not actually have that many users they could monetize in the first place.

I thought they made NSFW require login a couple years ago

That’s mobile only I think but you’re right.

Re: Reddit raises $410M in new funding

#469

Post by scambier » Fri, Aug 13, 2021, 10:50 AM UTC

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 you want to advertise on Reddit, you gotta do it like everyone does it: hide your ads in normal posts and comments.

Re: Reddit raises $410M in new funding

#470

Post by solarkraft » Fri, Aug 13, 2021, 11:43 AM UTC

> The first priority on the product is just making Reddit awesome

> We want to build what is best for new users, because over time it will be best for everyone.

I wonder if they’re ashamed of lying like that or just doing it naturally. They’ve been doubling down on user hostile bullshit recently. I don’t man new Reddit (it’s not great but a redesign was long overdue), I mean pictures with silly bars on the bottom and not easily being able to save videos, the stupid app/browser popup on every damn page on mobile, not being able to browse or even view comments without an account anymore.

I sure wonder what Aaron Swartz would think about that.