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

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

#121
post #28

Tencent has a meaningful ownership of American youth. 12% Snap 7.5% Spotify 40% Epic Games 100% Riot Games 100% Supercell 5% Reddit Hollywood has also been moving in this direction, with a lot of Chinese investment in the studios, and blockbusters adding special scenes with Chinese actors and locations. What does it mean for America when it's no longer the owner or creator of culture? It's historically one of our lar…

Look not the movie business. Even more investment.

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

#122
post #39

Earlier quoted context omitted.

I think a few DNS records can fix their UI, don't need 300MM for that. Just make reddit.com the same as old.reddit.com.

The mobile app UI is fantastic IMHO. List is snappy, easy to perform upvote, downvote, comment.

Maybe if it actually worked for me. I often end up receiving the 'use the mobile app' prompt on Firefox for Android, or the Reddit logo splash screen.

For a mobile friendly UI I prefer the open source app RedReader (which has a nice dual column view for wider screens). Otherwise for casual link clicking I'll just use old.reddit.com, it's snappier to load as well in my experience.

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

#123

Earlier quoted context omitted.

Yes, I have a set of subreddits that I subscribe to as well. They don't fix: * The introduction of Reddit Gold, then the introduction of Reddit Silver - originally a joke, now a real thing * The degredation of the UI - old.reddit.com won't last forever * The push to mobile apps (see degredation of UI)

> * The introduction of Reddit Gold, then the introduction of Reddit Silver - originally a joke, now a real thing Why is this a problem? You're not forced to use it or interact with it. It's just a way for reddit to make more money, which I have no problem with. old.reddit.com going away is a legitimate fear that I share, though.

The day old.reddit goes away is the day I stop using reddit, period.

And I'll be sad about it. Smaller subreddits are just about the last bastion of the communities I so enjoyed in the BBS/early internet era. But the new UI is, frankly, a dark-pattern shitshow. And I don't use that term lightly.

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

#124
post #32

Earlier quoted context omitted.

It sounds like you're conflating entertainment with culture.

I’m not sure we have culture anymore that isn’t entertainment.

I've been meaning to count the number of "news" articles on television that are stories about personalities versus non-personalities but I am positive the number is far too high.

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

#125
post #51

Earlier quoted context omitted.

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 bu…

I worked at reddit for 4 years but quit in 2016, largely because they were clearly beginning to switch from a small, fairly independent company (despite being owned by Advance/Conde) to one that was going to become completely dependent on venture capital and I knew what that would end up doing to the site (which, like you mentioned, is manifesting through the redesign, the dark patterns, and so on). They've now taken…

Can you at least make it public for lurkers?

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

#126

Earlier quoted context omitted.

It's very different this time. Japan was under the American umbrella of influence when it was supposedly going to take over. China is a rival and a resource-rich nuclear super power with orders of magnitude more leverage and a very different set of cultural norms and behaviors. I don't think it will go the way it did with Japan.

Japan had a larger GDP per capita than the US from 1987 until 2000. Inflation adjusted their GDP was nearly as large in 1995 as China's is today. They did that with 1/11th the population. China will never accomplish something that dramatic economically. Japan held a lot more influence over the US at the time precisely because we were allies. China will never be allowed to acquire large numbers of important US compani…

China does not seem to be at its peak yet. It can't be compared to Japan at its peak.

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

#127

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 think this is just cynicism. there's an absolute fuckton of extremely intelligent, insightful, and interesting comments all over reddit.

I think sometimes seeing what you want to see takes the form of seeing what you don't want to see.

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

#128

Earlier quoted context omitted.

HN has gotten worse since I started visiting ~2 years ago. That said, still some of the best comments.

I have been here rather longer than you, and not noticed a decline in the time period you’ve identified. I do note however there seems to be a tendency in all communities for people to think it declined since they started using it.

Similarly long-time HN user checking in. I think there's still a great amount of quality here, particularly posted material, but I have seen an uptick in the number of junk comments. I'm including comments that say something but are really saying nothing substantive, are blatantly reflexive, or lack depth of thought. Ad hominem and such are indeed still rare here, thankfully.

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

#129
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.

Where do you find yourself spending your internet time instead?

I don't have internet time. I only go to the internet when looking for something specific or to kill time waiting for something else. Otherwise it's more important to spend it getting things done or with real people. Sitting on the internet, otherwise, is no different than clicking channels on the TV.
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