Live data from Hacker News

Reddit confirms $300M Series D led by China’s Tencent at $3B value

techcrunch.com

11–20 of 296 posts

Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value

#13

I've seen Reddit degrade painfully over last 8-10 years. It was full of intelligent comments, insight and unique perspective from people all over the world. Browsing the front page and reading the comments makes me sad that instead of intellectual discourse, we have a 3 billion dollar meme making machine. I wish to keep HN away from the masses as much as I'd like a broader perspective in the light of how things go wi…

Reddit, like Usenet, or IRC, is just a collection of individual communities that happen to share an identity system. Expecting the (not-logged-in) Reddit front page to be “intellectual discourse” would be like expecting a random selection of Usenet posts or IRC chat-lines to be “intellectual discourse.”

Try just visiting specific Reddit communities, rather than looking askew at the entire menagerie as if there was value there.

Same goes for YouTube: just subscribe to specific channels based on out-of-band recommendations. Or for Twitter, or Netflix, or anything else. These platforms have good things; even curated collections of good things. But you won’t find them by asking the platform to show you something good.

In short: ignore recommendation systems. They are very good at surfacing content that the average “profitable” user that the business targets, wants to see. They are horrible at surfacing the “best” (e.g. highest positive impact on your life for having consumed it) content.

Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value

#15
post #3

I’m done with Reddit. It was a nice ride, but now it’s officially over. They’ve been trying to turn reddit into Facebook, a personal data vacuum, but now it’s going to get ugly. Considering the valuation, remaining as an unpaid moderator for a reddit sub, is absolutely crazy. Hopefully all the mods up and leave, nothing like letting others get rich from your free efforts.

While I think this is a little extreme, I understand fully the sentiment behind it.

It's lamentable considering how simple the site is but there exist currently, no good alternatives! I suppose we can attribute that at least partly to the Network Effect. I've been tired of it since the front-end redesign; I grew weary of the dark patterns, the constant nagging to use their app when on mobile, the fact that my back button took me to the top of the page and (most of all, in fact) the overall quality of the threads, so my usage has decreased dramatically over the last 3 months. I suspect I we are no longer longer Reddit's target audience and they will do very well going forward but it's a shame for me at least, that something I've been using for over a decade is fading into background noise.

Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value

#16
post #7
post #3

I’m done with Reddit. It was a nice ride, but now it’s officially over. They’ve been trying to turn reddit into Facebook, a personal data vacuum, but now it’s going to get ugly. Considering the valuation, remaining as an unpaid moderator for a reddit sub, is absolutely crazy. Hopefully all the mods up and leave, nothing like letting others get rich from your free efforts.

I also decided it's as good a time as any to rip reddit out of my daily life, after using it for the better part of the last 10 years. Between the crushing "download our tracking riddled app" / "switch to our shitty new redesign" push recently and massive amount of engineered sponsored content, instead of paid-for advertisement, there's nothing there keeping me interested. This most recent funding round is just icing…

I appear to have independently parroted your comment! I do apologise. It's nice to know that I'm not the only one who feels that way though!

Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value

#17

I've seen Reddit degrade painfully over last 8-10 years. It was full of intelligent comments, insight and unique perspective from people all over the world. Browsing the front page and reading the comments makes me sad that instead of intellectual discourse, we have a 3 billion dollar meme making machine. I wish to keep HN away from the masses as much as I'd like a broader perspective in the light of how things go wi…

I’m a 13-year reddit user. The quality of the site going down is simply a symptom of its popularity. Think how dumb the average joe is, then realize that 50% of the population is dumber than him. You can still find intelligent discussion on reddit, you just have to do a lot more work filtering.

not sure why you're being downvoted, you're exactly right. if hn got a user base the size of reddit's overnight, you can be sure the quality of discussions would similarly degrade. the same is true for every social network (digital or otherwise) i've ever been a part of.

Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value

#18
post #13

I've seen Reddit degrade painfully over last 8-10 years. It was full of intelligent comments, insight and unique perspective from people all over the world. Browsing the front page and reading the comments makes me sad that instead of intellectual discourse, we have a 3 billion dollar meme making machine. I wish to keep HN away from the masses as much as I'd like a broader perspective in the light of how things go wi…

Reddit, like Usenet, or IRC, is just a collection of individual communities that happen to share an identity system. Expecting the (not-logged-in) Reddit front page to be “intellectual discourse” would be like expecting a random selection of Usenet posts or IRC chat-lines to be “intellectual discourse.” Try just visiting specific Reddit communities, rather than looking askew at the entire menagerie as if there was va…

I usually hangout on r/programming, r/hardware and a few other communities. Discussion is indeed better.

Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value

#19
post #4
post #2

It doesn't say if Tencent gets a board seat or not. Without a board seat the impact should be less...

If they don’t get a Board seat it would be the dumbest $300m ever spent, but if they don’t get a Board seat it means their interests are already protected and represented.

I think I read that Tencent only put in $100M of the $300M. Which means they only bought 3% of the company. That wouldn't warrant a board seat.

Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value

#20
post #13

I've seen Reddit degrade painfully over last 8-10 years. It was full of intelligent comments, insight and unique perspective from people all over the world. Browsing the front page and reading the comments makes me sad that instead of intellectual discourse, we have a 3 billion dollar meme making machine. I wish to keep HN away from the masses as much as I'd like a broader perspective in the light of how things go wi…

Reddit, like Usenet, or IRC, is just a collection of individual communities that happen to share an identity system. Expecting the (not-logged-in) Reddit front page to be “intellectual discourse” would be like expecting a random selection of Usenet posts or IRC chat-lines to be “intellectual discourse.” Try just visiting specific Reddit communities, rather than looking askew at the entire menagerie as if there was va…

This is very good advice. One of my most upvoted Hacker News comments was saying that creating an account and whitelisting the subreddits you want to read is a tremendous improvement on reddit.

Funny thing to me is that it is really hard to isolate yourself in this way on Twitter. I've spent a lot of time trying to do this but politics always seems to leak through. One thing that has helped is by turning off retweets for as many people as I can.

Post reply on HN