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So. Who will end up buying this new reddit with high traffic and lots of user affection? How much? I'd say 50M$ would be adequate.
Would be really amazed if Reddit would sell so low, considering their fast-growing visitor numbers. http://blog.reddit.com/2011/09/how-reddit-works.html
FTFY: This change is all about setting up reddit so that it can be be sold.
Earlier quoted context omitted.
They're currently experiencing explosive growth: http://soshable.com/reddit-traffic-has-exploded-in-12-months... They have also, in my opinion, implemented mainstream and niche news so well (via subreddits) that they're not in immediate danger of being replaced by another aggregate news and/or niche site.
>They're currently experiencing explosive growth so was Digg, and Fark before it, and Slashdot before that. Am I wrong? History shows that these sites are basically popular for a certain amount of time, and then they lose huge market share when they inevitably do something to sour the community-at-large (like trying to monetize).
They need someone with deep, intimate knowledge of the community and the product. The best source for that in my opinion would be internal.
Perhaps it's dying and they are trying to cut it loose first.
They're currently experiencing explosive growth: http://soshable.com/reddit-traffic-has-exploded-in-12-months... They have also, in my opinion, implemented mainstream and niche news so well (via subreddits) that they're not in immediate danger of being replaced by another aggregate news and/or niche site.
Earlier quoted context omitted.
They're currently experiencing explosive growth: http://soshable.com/reddit-traffic-has-exploded-in-12-months... They have also, in my opinion, implemented mainstream and niche news so well (via subreddits) that they're not in immediate danger of being replaced by another aggregate news and/or niche site.
>They're currently experiencing explosive growth so was Digg, and Fark before it, and Slashdot before that. Am I wrong? History shows that these sites are basically popular for a certain amount of time, and then they lose huge market share when they inevitably do something to sour the community-at-large (like trying to monetize).
Reddit figured out how to support subcommunities in a way that those other sites never did. In my opinion that's what's different.
See also: social networks. Every social network was a passing fad...until Facebook wasn't.
So. Who will end up buying this new reddit with high traffic and lots of user affection? How much? I'd say 50M$ would be adequate.
Would be really amazed if Reddit would sell so low, considering their fast-growing visitor numbers. http://blog.reddit.com/2011/09/how-reddit-works.html
Earlier quoted context omitted.
Would be really amazed if Reddit would sell so low, considering their fast-growing visitor numbers. http://blog.reddit.com/2011/09/how-reddit-works.html
However, Reddit users are notoriously cheap and anti-commercial.
Since the community is less vigilant than it used to, I assume that the newcomers are less concerned about commerce.
Perhaps it's dying and they are trying to cut it loose first.
They're currently experiencing explosive growth: http://soshable.com/reddit-traffic-has-exploded-in-12-months... They have also, in my opinion, implemented mainstream and niche news so well (via subreddits) that they're not in immediate danger of being replaced by another aggregate news and/or niche site.
I'd say they're not in immediate danger because they're not making a profit and most businesses that have the sort of money needed to support such an effort (ie the large traffic) don't want to waste money on something that's not going to make a profit. Indeed Conde Nast appear to have only recently and quite reluctantly allowed reddit some more resources.
Explosive growth in traffic, yes, what's the balance sheet look like.
Sad to see them hiring an outside CEO instead of promoting from within. I don't think hired CEOs work so well for products that are still at the stage Reddit is at. They need someone with deep, intimate knowledge of the community and the product. The best source for that in my opinion would be internal.