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Reddit files to go public

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Re: Reddit files to go public

#751

Post by ankit219 »

TameAntelope wrote: post #520
ankit219 wrote: post #290

Earlier quoted context omitted.

They have been touting MAUs and DAUs a lot over the last one year. Turns out their numbers are very very public. Whenever a new user creates an account, she automatically gets added to r/announcements. It's not a choice, they dont even show it as an option. The current subs of r/announcements is 127M. It was 124M at the start of this month. Just shows that reddit - with newer design or not - has not found much accept…

Yeah, “Reddit is going down because they only converted three million new users in the last month.” Is probably not the argument that will convince anyone who’s ever built a b2c of your point.

That is not my argument. A standalone number of 3M is good, especially when 3M new users combined with 100M existing ones demonstrate huge stickiness.

What I am trying to say is that, reddit is attracting a lot of new users through SEO, yet they have not been able to convert them like at all. The existing userbase is sticking and has been very active, but the site is not as appealing to new users who are just finding out about reddit.

Re: Reddit files to go public

#752

Post by GhettoComputers »

PhoenixReborn wrote: post #663
GhettoComputers wrote: post #259

Earlier quoted context omitted.

There is, Reddit gold. Not that I’d give them any money for the decisions they made, I don’t reward bad behavior and I paid with my data.

Disclaimer: I worked at Reddit prior to when ads were a major revenue source and left in 2018 Prior to ads and the current dark patterns you see on the site, Reddit primarily tried to monetize through Reddit Gold. It didn't work, and users never purchased it in any meaningful volume to keep the site afloat. So while you wouldn't give them money for the decisions they've made recently, they weren't making enough money…

I remember 4chan did it by donate or die. They needed server money and they got it because it wasn’t working as long as they didn’t have a server. That was a much smaller scale though.

Can you talk about your work there? It’s cool if you don’t want to, how was it? You left obviously so I can guess.

Re: Reddit files to go public

#753

Post by [deleted] »

raffomania wrote: post #450
henning wrote: post #200

The Reddit of 2006 where tutorials on generating HTML in Lisp rocket to the top of the homepage is long gone. I can't imagine investing in an ad company that is fueled by clickbait and outrage the way Reddit is. Plus, some percentage of the userbase will always run aggressive ad blockers and be impossible to effectvely monetize. However, my brain works very differently from other people's, so I could be wrong.

I've been following lemmy [0] for a while, a federated reddit alternative in the same spirit as mastodon. It's still very small, but I think as monetization pressure on reddit increases, people will look for other places to post and this might be one of them :) edit: add the link [0] https://join-lemmy.org/

[deleted]

Re: Reddit files to go public

#754

Post by pcthrowaway »

BitwiseFool wrote: post #734
loa_in_ wrote: post #498

Earlier quoted context omitted.

I'm getting really angry at companies squatting names that are basically common nouns. This practice should be banned. It's something I though was more cyberdystopian-esque not reality, but here we are in the future.

>"squatting names that are basically common nouns" I feel like we should be using the term "scalping" instead. It is much more accurate.

That's probably not an ideal solution given the history of that word.

Re: Reddit files to go public

#756

Post by BitwiseFool »

pcthrowaway wrote: post #754
BitwiseFool wrote: post #734

Earlier quoted context omitted.

>"squatting names that are basically common nouns" I feel like we should be using the term "scalping" instead. It is much more accurate.

That's probably not an ideal solution given the history of that word.

Perhaps, but scalping in the modern vernacular applies to people buying limited items and then price gouging because of scarcity. And, now that I think about it, "squatting" is also capable of carrying negative connotations when it comes to history in North America.

Re: Reddit files to go public

#757

Post by GhettoComputers »

01100011 wrote: post #392
GhettoComputers wrote: post #252

Earlier quoted context omitted.

My app does it for me. :) But yes old.reddit.com/r/hailcorporate posts can’t be blocked.

Your app detects astroturfing?

> > some percentage of the userbase will always run aggressive ad blockers and be impossible to effectvely monetize

No, ad blocking

Re: Reddit files to go public

#758

Post by nunez »

dt3ft wrote: post #399
nunez wrote: post #361

Earlier quoted context omitted.

voat.co tried. when the last reddit exodus happened in 2017, the site crashed all of the time. you need A LOTTTTTTTTTT of resources to run reddit, and reddit 10x’ed the “unified forum with image and video hosting” problem.

I built whoaverse during my studies which went on to become voat. You do not need a lot of resources to run such a site, but you do need a way to monetize it. We ran on donations and the ads that we ran were never profitable. Donations are not profit either, so it was working purely because we could afford some time off to work on it. This does not work in the long run, if you can no longer justify working for free.…

Thanks for building voat! for what it's worth, I liked it.

Re: Reddit files to go public

#759

Post by nunez »

smolder wrote: post #489
nunez wrote: post #334

Good! I‘ll go long on them. Reddit is the ONLY place on the Internet where you can simultaneously watch garbage recycled content from TikTok and visit extremely-niche and highly knowledgeable communities in the same session. Heck, I get my HN updates from Reddit now. Facebook/Instagram/TikTok are nothing like this in that the info you get is wholly dependent on your social graph. Twitter has very high quality content…

Stop taking "the metaverse" seriously, please. It's a rich idiots dream, like a digital Fordlandia. I can hardly blame people for trying to follow trends, because following trends can be lucrative. "The metaverse" is just not the one to follow. It's nintendos virtualboy, vision getting ahead of substance, fixing problems we don't have. If it succeeds at all, it will be a testament to societies ability to bend to the…

Magic Leap keeps getting GIANT amounts of funding despite not having dropped anything that people can buy (I think they took a DOWN round of $500M this year.)

Apple is investing significant amounts of capital on ARkit and AI/ML optimizations at the die level. Google has been dabbling in this space for years and years.

Second Life, the non-AR version of the metaverse, was hugely popular back in the day despite the tech at the time (i.e. having to carve time to use it on your computer). Pokemon GO (a Google bet) is still wildly popular.

With Facebook doubling-down in this space, yes, I am going to take this very seriously.

Re: Reddit files to go public

#760

Post by nunez »

hellomyguys wrote: post #622
wonderwonder wrote: post #608

Earlier quoted context omitted.

Zuckerberg has proven extremely effective at predicting future trends. Look at Instagram and Whatsapp, perfectly timed investments. Zuck has taken long term bets on the metaverse starting with Occulus and now seemingly betting the whole company on it. He could very well be wrong but there are a lot of very smart people at Facebook and on their board I have to think they did some very intensive validation before doing…

The difference is Instagram and WhatsApp were products that had real product value before Zuck acquired them. Zuck has to build a v1 product from scratch with the Metaverse. When's the last time FB has truly built a revolutionary v1 product? It's not really in their DNA anymore. I'm not saying they can't do it, but I wouldn't point to IG and WhatsApp as examples of why Zuck can pull it off.

Facebook Chat is basically a messaging business on its own. Given that Google has tried and failed to get into this space COUNTLESS times over the years, I'd call that a pretty solid new product offering from them.

Facebook has also innovated significantly in adtech afaik

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