Live data from Hacker News

Reddit: Return of the Junk Stock IPO

forbes.com

71–80 of 112 posts

Re: Reddit: Return of the Junk Stock IPO

#71
post #34

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 mone…

[deleted]

Re: Reddit: Return of the Junk Stock IPO

#72

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 –…

Reddit is fundamentally a link aggregator and there are countless examples of them. 20 years ago (jeez) slashdot was doing the same

In fact, Reddit went mainstream when Digg fumbled their 2.0 launch, and just recently Reddit was in danger of doing the exact same thing with their poorly designed apps and new design.

This IPO valuation is based entirely on the value of the user content that will be sold to AI firms. The product is always the users.

Re: Reddit: Return of the Junk Stock IPO

#73
post #56

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.

EDIT: I shouldn't have replied to this

Re: Reddit: Return of the Junk Stock IPO

#74
post #69

Earlier quoted context omitted.

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.

Endless injection of cash? Sometimes I think that the VC model is wrong, and taking a few pages from bootstrapped start-ups might make lot more sense...

Re: Reddit: Return of the Junk Stock IPO

#75
post #69

Earlier quoted context omitted.

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.

I think VCs and similar sees profit as wasted growth. The product Reddit is selling is a bag holding transfer.

Re: Reddit: Return of the Junk Stock IPO

#76

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.

Please don’t be needlessly snarky

Re: Reddit: Return of the Junk Stock IPO

#77
post #73
post #56

Earlier quoted context omitted.

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

EDIT: I shouldn't have replied to this

The newbie poster here openly admits to liking to troll people via ragebait. And is also somehow 72 years young.

That post is itself ragebait. They are just trolling.

Re: Reddit: Return of the Junk Stock IPO

#78
post #68

Earlier quoted context omitted.

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.

Yet I still can’t go a day without being sent a Twitter link or seeing comments on HN.

Twitter will be dead when people stop talking about it dying.

Re: Reddit: Return of the Junk Stock IPO

#79
post #68

Earlier quoted context omitted.

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.

Musk has also made what I consider bizarre and impulsive decisions with SpaceX and Tesla. The gullwing doors of the model X almost bankrupted the company, for instance. Or take the blast pad incident during a recent starship launch. Experts warned him this would happen.

Musk making unforced errors isn't new. His businesses do incredibly well regardless.

Post reply on HN