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Reddit: Return of the Junk Stock IPO

forbes.com

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Re: Reddit: Return of the Junk Stock IPO

#41

Post by bigyikes »

causal wrote: post #33
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?

They’ve put a lot of research into making their mobile website unusable. These kinds of innovations aren’t cheap.

Re: Reddit: Return of the Junk Stock IPO

#42

Post by aqme28 »

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 –…

You're ignoring the network of users they have, which is absolutely the hardest thing to create for an app like this. Any technically superior clone you build can easily lose to Reddit due to its userbase.

Re: Reddit: Return of the Junk Stock IPO

#43

Post by mavhc »

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 –…

Moderation is the actual feature people want. Usenet has no useful moderation so ended up full of spam

Re: Reddit: Return of the Junk Stock IPO

#44

Post by hypeatei »

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…

It has changed a lot, for the worse. There was a huge subreddit purge for non "shareholder friendly" topics (e.g. suicide, watchpeopledie, etc..) a while back.

The new web UI is an absolutely horrid mess that takes forever to load and doesn't work properly.

Re: Reddit: Return of the Junk Stock IPO

#45

Post by madeofpalk »

reactordev wrote: post #28
madeofpalk wrote: post #27

Earlier quoted context omitted.

How is this possible? A website cannot just magically cross-domain get your Google account details...

By using the really, really, really badly designed listener auth flow... which just allows javascript to grab your google creds. https://developers.google.com/identity/sign-in/web/listeners

I guess this never worked on browsers that disables third party cookies by default, like Safari and Firefox?

Re: Reddit: Return of the Junk Stock IPO

#46

Post by hyperhello »

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 –…

Every programmer sees message boards and quickly runs down a database schema for users, comments, and upvotes, because they're all trivial and almost identical. The user base that builds up is the value. In the case of Reddit, I don't mean to imply positive value, but that's the value.

Re: Reddit: Return of the Junk Stock IPO

#47

Post by GenerWork »

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'd merely spin up a couple of ISC InterNetNews NNTP servers and slap a web application in front of those.

If this was the only thing differentiating Reddit from anything other text reliant information service, why hasn't anybody come along and disrupted Reddit by doing something similar to this?

Re: Reddit: Return of the Junk Stock IPO

#48

Post by Mashimo »

bun_terminator wrote: post #5
bko wrote: post #2

How has reddit community changed since it's API permission changes that removed all third party apps? A lot of people forecasted doom for the network and many subreddits went private to protest. Have the predictions come true? Presumably all those changes were to juice numbers pre IPO. In hindsight, did it work?

It's 100% the same. The official app isn't even that bad if you remove the ads. The biggest problem (powermods) still remains ironically after all of this. Bummer really, I thought they would use the opportunity to clean up

> It's 100% the same.

To be honest, I only looked at a few niche subforums, but on them the daily posts have halved.

But maybe it's also how those sites now gather the data.

Do you know more about this?

Re: Reddit: Return of the Junk Stock IPO

#49

Post by boston_clone »

bilchly wrote: post #24
kibwen wrote: post #20

Earlier quoted context omitted.

Reddit drove away lots of users via that change, although I expect Reddit's MAU still grew overall due to the continued worldwide penetration of the internet. In addition, while in the short-term it almost certainly lost users, it drove the remaining users towards frontends that were more profitable to Reddit (i.e. away from the website and towards the app), so I expect the company still sees that as a win, at least…

As someone who enjoys writing ragebait posts, I can confirm that in recent months it's been easier than ever to get thousands of people raging over some nonsense. The relative lack of moderation has been very useful in this regard. Perhaps that actually benefits Reddit though? More engagement even if it is mostly dimwits responding in earnest to troll posts.

Why do you think you enjoy doing that? Tangentially, are you below the age of 25?

Re: Reddit: Return of the Junk Stock IPO

#50

Post by reactordev »

madeofpalk wrote: post #45
reactordev wrote: post #28

Earlier quoted context omitted.

By using the really, really, really badly designed listener auth flow... which just allows javascript to grab your google creds. https://developers.google.com/identity/sign-in/web/listeners

I guess this never worked on browsers that disables third party cookies by default, like Safari and Firefox?

incorrect. This works on all browsers, on all platforms. It's a hook into their exposed OAuth2.0 flow. You'd have to disable javascript to stop it. signIn action can be a fetch and you're f$&ked. You'll get the "Sign In With Google" popup (with you're username already snatched).
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