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Reddit: Return of the Junk Stock IPO

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Re: Reddit: Return of the Junk Stock IPO

#61

Post by deadbolt »

hypeatei wrote: post #44
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.

Weird to use removing the "watchpeopledie" subreddit as an example of ways it's changed for the worse.

I agree that the new UI is terrible though.

Re: Reddit: Return of the Junk Stock IPO

#62

Post by boston_clone »

bilchly wrote: post #56
boston_clone wrote: post #49

Earlier quoted context omitted.

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

I'm actually 72 years old and this is my retirement hobby. It keeps my mind busy and I find it amusing.

Maybe try crosswords instead, or pick up an instrument. Less sophomoric, and likely more mentally engaging than trolling teenagers online.

Re: Reddit: Return of the Junk Stock IPO

#63

Post by bun_terminator »

Mashimo wrote: post #48
bun_terminator wrote: post #5

Earlier quoted context omitted.

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?

The daily posts we see are mostly a function of the algorithm. I don't frequent small enough subs where the number is so small that they can't be saturated - so my experience might be tainted

Re: Reddit: Return of the Junk Stock IPO

#64

Post by quickslowdown »

gizmo wrote: post #57
ActionHank wrote: post #32

Earlier quoted context omitted.

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.

You also have to fire a lot of management that allowed the org chart to explode in the first place. Maybe take a few lessons from the Elon Twitter playbook.

Looking to musk for intelligent, thought-through business decisions is definitely an interesting strategy.

Re: Reddit: Return of the Junk Stock IPO

#65

Post by [deleted] »

ramon156 wrote: post #13
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?

Can't be bothered to log into every device to read a reddit page. It requires an account for some pages as simple as r/rust

[deleted]

Re: Reddit: Return of the Junk Stock IPO

#66

Post by appplication »

ActionHank wrote: post #32
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.

The video player is what drove me to use Apollo instead, and then killing Apollo was enough to drive me away entirely. It’s a great idea but management incompetence is huge. How many other major websites regularly piss of their users so much?

Re: Reddit: Return of the Junk Stock IPO

#67

Post by dorchadas »

addandsubtract wrote: post #17
ramon156 wrote: post #13

Earlier quoted context omitted.

Can't be bothered to log into every device to read a reddit page. It requires an account for some pages as simple as r/rust

old.reddit.com is the only reddit worth using.

I worry it's going soon after the IPO.

Re: Reddit: Return of the Junk Stock IPO

#68

Post by gizmo »

quickslowdown wrote: post #64
gizmo wrote: post #57

Earlier quoted context omitted.

You also have to fire a lot of management that allowed the org chart to explode in the first place. Maybe take a few lessons from the Elon Twitter playbook.

Looking to musk for intelligent, thought-through business decisions is definitely an interesting strategy.

I'm no fan of Musk but his business acumen is undeniable.

Re: Reddit: Return of the Junk Stock IPO

#69

Post by causal »

hyperhello wrote: post #46
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.

The question is how they managed to make such a commodity operation so dang expensive to run.

Re: Reddit: Return of the Junk Stock IPO

#70

Post by mingus88 »

gizmo wrote: post #68
quickslowdown wrote: post #64

Earlier quoted context omitted.

Looking to musk for intelligent, thought-through business decisions is definitely an interesting strategy.

I'm no fan of Musk but his business acumen is undeniable.

If you say so.

He single-handedly destroyed one of the best brands of the modern online era (tweet, Twitter, the bird logo) only to replace it with a brand identity that was stale 20 years ago and is commonly associated with porn.

The site’s traffic continues to plummet and his investment is worth billions less since he unleashed his acumen.

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