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Reddit Rumored To Be Raising Money, At A $400 Million Valuation

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Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#41

Post by sillysaurus »

drivebyacct2 wrote: post #33

For what? I hate to be that guy, but I have seen a huge increase in "OP is a faggot" style posts being upvoted in the main subreddits (just in the last 4 weeks). I've always championed finding niche subreddits, and I do, but the result has been me spending increasingly little time on reddit. I check /r/rust, /r/golang, etc but that's about all I can stand.

If you have something to say that starts with "I hate to be that guy" then just don't say it.

You're not their main audience, and they're massively popular. They're continuing to grow in popularity, and they're becoming increasingly relevant as a primary source of information. Reddit represents a fundamental step forward in how the internet interconnects everyday people.

You may not see anything worthwhile, but in reality it's one of the most exciting future prospects of the internet in general. It has the potential to affect and influence generations. Something like that is truly special.

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#42

Post by rm999 »

drivebyacct2 wrote: post #33

For what? I hate to be that guy, but I have seen a huge increase in "OP is a faggot" style posts being upvoted in the main subreddits (just in the last 4 weeks). I've always championed finding niche subreddits, and I do, but the result has been me spending increasingly little time on reddit. I check /r/rust, /r/golang, etc but that's about all I can stand.

When you see drastic and sudden changes in reddit, it's usually something external. In this case the beginning of December marks the end of the semester for college and high school students, who use reddit more during reading period/christmas break. They will soon start school again and things will return to normal.

That kind of behavior has been pretty much the norm for years at reddit. Not to say it's ubiquitous, reddit still has great content and what I'd call 'safe' subreddits where that behavior isn't tolerated. Also, to be clear to those who don't know, 'OP is a faggot' is supposed to be an ironic meme rather than hate speech. A terrible meme, but I wouldn't want people to misunderstand and think reddit has become a cesspool of hate.

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#43

Post by chimeracoder »

kmfrk wrote: post #19
scottlu2 wrote: post #13

It's surprising that Instagam would be considered a billion dollar business, but Reddit a 400 million dollar business.

Instagram wasn't "worth $1B". It was worth $1B to Facebook (and even more to Twitter, apparently). It has to be viewed in that context. A context in which Facebook was botching mobile major time and described it as its major challenge in public filings.

> Instagram wasn't "worth $1B". It was worth $1B to Facebook

Which, (given a fixed supply of exactly 1 Instgram) means that it was worth $1B.

Whether Facebook overpaid (ie, whether they would have been better off spending part or all of that $1B elsewhere) is a completely separate question - the point is, the market valued Instagram at $1B.

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#44

Post by lwat »

OriginalSyn wrote: post #36
lwat wrote: post #18

Earlier quoted context omitted.

Quora does the dodgy 'Experts Exchange style' answer blurring crap when a google search links you to them. I've blocked them from my google results because of this nonsense.

Is domain blocking working for you or are you using some other extension? Domain blocking mysteriously disappeared for me a while ago. It was a real buzzkill when the likes of Experts Exchange, W3Schools and Quora started showing up in my search results again.

It moved but you can still do it.

https://www.google.com/reviews/t

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#45

Post by Turing_Machine »

graeme wrote: post #9
apl wrote: post #6

Earlier quoted context omitted.

> (...) and now it's worth about half of the New York Times. It's one of those cases where I can't help but think, you know, maybe our metrics are way off.

Off in that the NYT should be worth more because it makes money, or off in that Reddit should be worth more because of it's ungodly amounts of traffic and devotion?

The last I heard the NYT had an estimated value roughly equal to that of the real estate it occupies (i.e. the paper, website, etc. are worth nothing).

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#46

Post by chimeracoder »

clobber wrote: post #34
loganfrederick wrote: post #14

Earlier quoted context omitted.

NYT is one of the very if, possibly only, newspaper media companies with a worldwide brand recognition to actually have value/goodwill in its own right. That is why it is considered to be worth more than other media companies; it is due to its brand and reputation. Not to say this couldn't or won't change at some point.

And now Mark Thompson, who is tied to the Jimmy Savile sex abuse scandal at the BBC, is CEO of NYT. http://www.huffingtonpost.com/2012/11/11/mark-thompson-ceo-n...

I'm sorry, what does that have to do with their value as a news organization?

Furthermore, Jill Abramson is a far more relevant figure than Thompson in this context.

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#47

Post by OriginalSyn »

lwat wrote: post #44
OriginalSyn wrote: post #36

Earlier quoted context omitted.

Is domain blocking working for you or are you using some other extension? Domain blocking mysteriously disappeared for me a while ago. It was a real buzzkill when the likes of Experts Exchange, W3Schools and Quora started showing up in my search results again.

It moved but you can still do it. https://www.google.com/reviews/t

Well that link works but the filtering doesn't... If I search for "Javascript" W3Schools is top result despite the fact I blocked it.

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#48

Post by kami8845 »

natrius wrote: post #39
kami8845 wrote: post #26

Earlier quoted context omitted.

>Reddit is replaceable. Shut down today, a dozen clones would rise up tomorrow. You don't understand the value of reddit. As I've written in other posts in this thread. It's the community and that's impossible to replace (as evidenced by the hundreds of other forums that have shit communities) Reddit is far and above many, many online communities in terms of breadth & depth.

When I actively read them, I valued the communities of Slashdot, Fark and Metafilter just as much as I value the Reddit community. Reddit is less unique in that regard than you might think. It is absolutely more replaceable than the New York Times. It's mindboggling that I even had to type that last sentence.

I guess different strokes for different folks. For me and the vast array of different specialist subreddits I use day-to-day, not only to consume but also to help others and participate in discussion I find the situation as I find it currently unique on the internet and incredibly hard to replicate. Added to that the karma system which consistently promotes good content (it's amazing what people will do to get karma, it works amazingly as an incentive).

To me the NYTimes is "articles with pictures". I can get that on a dozen more sites on the internet. And without a paywall.

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#49

Post by chimeracoder »

rm999 wrote: post #42
drivebyacct2 wrote: post #33

For what? I hate to be that guy, but I have seen a huge increase in "OP is a faggot" style posts being upvoted in the main subreddits (just in the last 4 weeks). I've always championed finding niche subreddits, and I do, but the result has been me spending increasingly little time on reddit. I check /r/rust, /r/golang, etc but that's about all I can stand.

When you see drastic and sudden changes in reddit, it's usually something external. In this case the beginning of December marks the end of the semester for college and high school students, who use reddit more during reading period/christmas break. They will soon start school again and things will return to normal. That kind of behavior has been pretty much the norm for years at reddit. Not to say it's ubiquitous, r…

> They will soon start school again and things will return to normal.

Except when they don't[1].

> . A terrible meme, but I wouldn't want people to misunderstand and think reddit has become a cesspool of hate.

The language originates from 4chan, where it is also used ironically. I get rather annoyed when I hear people dismiss 4chan as homophobic, because under the surface, it's actually not. Then again, if Reddit is starting to mimic 4chan in terms of its language and linguistic memes, either 4chan's reputation is ill-deserved, or Reddit's reputation will start to resemble 4chan's.

[1] https://en.wikipedia.org/wiki/Eternal_september

Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation

#50

Post by Turing_Machine »

Turing_Machine wrote: post #45
graeme wrote: post #9

Earlier quoted context omitted.

Off in that the NYT should be worth more because it makes money, or off in that Reddit should be worth more because of it's ungodly amounts of traffic and devotion?

The last I heard the NYT had an estimated value roughly equal to that of the real estate it occupies (i.e. the paper, website, etc. are worth nothing ).

Their stock is down 83% since 2002.
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