Reddit: Return of the Junk Stock IPO • Hacker News Board

Re: Reddit: Return of the Junk Stock IPO

#31

Post by colordrops » Mon, Mar 11, 2024, 1:07 PM UTC

infecto wrote: post #21

The thing that amazes me the most about Reddit is the site feels as if it has not changed in over a decade. I realize there is a new UI and small changes here and there but fundamentally it feels the same. I am amazed the amount of money they have raised given how little has changed. Equally impressive that they have never added any new substantial features. Something that comes to mind is how often people will searc…

That's a frog slowly boiled in water speaking. Dialog was far more intelligent and less censored back then. And the UI was not such an overwrought mess.

Re: Reddit: Return of the Junk Stock IPO

#32

Post by ActionHank » Mon, Mar 11, 2024, 1:07 PM UTC

gizmo wrote: post #10

> In 2023, the company’s revenue was $804.0 million. Research and development, at $438.3 million, was more than half, an awfully big number for a company of this age. Total costs and expenses were $944.2 million. The net loss was $90.8 million, which at least is an improvement over 2022, with its $666.7 million in revenue and $158.6 million in losses. [1] These expenditures blow my mind. But if reddit can grow revenu…

Best place to cut costs would be to retrench their whole video player team. At this point I am not even sure how it is possible to make a product that so routinely fails to function for so many people.

Re: Reddit: Return of the Junk Stock IPO

#33

Post by causal » Mon, Mar 11, 2024, 1:08 PM UTC

gizmo wrote: post #10

> In 2023, the company’s revenue was $804.0 million. Research and development, at $438.3 million, was more than half, an awfully big number for a company of this age. Total costs and expenses were $944.2 million. The net loss was $90.8 million, which at least is an improvement over 2022, with its $666.7 million in revenue and $158.6 million in losses. [1] These expenditures blow my mind. But if reddit can grow revenu…

Was also shocked by those numbers. And supposedly each DAU even generates more revenue than Pinterest and Snap - what is Reddit doing to make operations that much more expensive?

Re: Reddit: Return of the Junk Stock IPO

#34

Post by asah » Mon, Mar 11, 2024, 1:09 PM UTC

As a user, I want to support public discourse, mostly-free speech, etc and among large sites, Reddit strikes a better balance than sites like Twitter and Truth Social which tolerate people using them to commit real harm in the real world, or sites that swing the other way and kowtow to the pearl clutchers and ban anything that offends anyone.

As investor, I'm optimistic and plan to participate: they're improving monetization by clamping down on users who don't see ads or otherwise pay. If you don't like it, start your own site - the tech isn't hard or expensive anymore. Also, it would be shooting fish in a barrel for Reddit to launch (or partner) to offer marketplaces for subreddits where commercial offerings are discussed.

Re: Reddit: Return of the Junk Stock IPO

#35

Post by datenwolf » Mon, Mar 11, 2024, 1:09 PM UTC

What annoys me the most about Reddit is, that it's essentially just a rehash of Usenet with marginally more moderation features, up/down-voting and custom CSS for each group/subreddit. That's about it. If I were to attempt to implement a Reddit "clone", I'd merely spin up a couple of ISC InterNetNews NNTP servers and slap a web application in front of those.

The only thing that Reddit did – on the interaction level – was replacing the Usenet experience with a visually more appealing and easier to access web frontend. In that regard it's a continuation of Eternal September, with the side effect of draining the user pool from Usenet, leading to the shut down of many Usenet servers world wide because "nobody is using it anymore".

Re: Reddit: Return of the Junk Stock IPO

#36

Post by [deleted] » Mon, Mar 11, 2024, 1:09 PM UTC

bun_terminator wrote: post #25

nicce wrote: post #15

Earlier quoted context omitted.

The main concern with the official app is the data it hoards. Back in the day it even needed permissions for your Google account on Android, and did not work without it.

Fair enough. I've accepted that everyone knows more about me than myself and moved on haha

[deleted]

Re: Reddit: Return of the Junk Stock IPO

#37

Post by theshackleford » Mon, Mar 11, 2024, 1:11 PM UTC

datenwolf wrote: post #35

What annoys me the most about Reddit is, that it's essentially just a rehash of Usenet with marginally more moderation features, up/down-voting and custom CSS for each group/subreddit. That's about it. If I were to attempt to implement a Reddit "clone", I'd merely spin up a couple of ISC InterNetNews NNTP servers and slap a web application in front of those. The only thing that Reddit did – on the interaction level –…

> If I were to attempt to implement a Reddit "clone"

Go on champ. Show us how it’s done.

> side effect of draining the user pool from Usenet

Two different worlds. This is utter fantasy.

Re: Reddit: Return of the Junk Stock IPO

#38

Post by 12345hn6789 » Mon, Mar 11, 2024, 1:12 PM UTC

bluescrn wrote: post #23

nicce wrote: post #3

Earlier quoted context omitted.

From personal perspective, discussion quality has gone to the rock bottom on various subreddits. And platform is even worse when using from the browser. Other than that, no idea.

Discussion isn't allowed. Dissent from the groupthink will be deleted if not banned outright.

Yup. It seems like the mods that left were replaced with narcissistic people who are only there to throw their power around. A few subs were ruined after for me.

Re: Reddit: Return of the Junk Stock IPO

#39

Post by gpapilion » Mon, Mar 11, 2024, 1:14 PM UTC

Reddit and Twitter shared a very similar niche, people who prefer their information in text form. Both face growth challenges since things like instagram require less effort to consume, and have wider appeal since they are based on images / videos.

Re: Reddit: Return of the Junk Stock IPO

#40

Post by uptownJimmy » Mon, Mar 11, 2024, 1:15 PM UTC

datenwolf wrote: post #35

What annoys me the most about Reddit is, that it's essentially just a rehash of Usenet with marginally more moderation features, up/down-voting and custom CSS for each group/subreddit. That's about it. If I were to attempt to implement a Reddit "clone", I'd merely spin up a couple of ISC InterNetNews NNTP servers and slap a web application in front of those. The only thing that Reddit did – on the interaction level –…

I miss newsgroups. They were good enough. We didn't need to dress them up.

Our incessant chasing of the latest shiny thing, it's all so silly. We keep throwing the baby out with the bathwater in our endless, desperate forward motion.