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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

#151

Post by doorbellguy »

Baeocystin wrote: post #123
panorama wrote: post #82

Earlier quoted context omitted.

> * 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.

The admins have been pretty vocal about not giving up the old design. But I only imagine for long are they willing to they keep the two interfaces up and running?

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

#152

Post by arman_ashrafian »

bluetwo wrote: post #133

Where are the youth of this generation and why are they not creating the next killer platform?

Im a CS undergrad right now and in need of a side project... I'll start right now :)

But for real, the idea of Reddit seems perfect to me its just way to popular now. Maybe a platform where you need to pass some sort of quiz created by the mods of the different communities in order to post/comment? I could see this having lots of issues though.

Also I don't really mind reddit going to shit ever since I found HN a few years ago.

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

#153

Post by yourbandsucks »

colordrops wrote: post #94
adventured wrote: post #84

Earlier quoted context omitted.

> What does it mean for America when it's no longer the owner or creator of culture? That premise is no more valid today with China than it was at the height of Japan-takes-over-the-world mania. Japan via Sony accumulated a large ownership position in US music. Sony acquired Columbia Pictures in 1989 for $3.4 billion, a huge deal at the time. Nintendo and Sega took over US video gaming from Atari. What did it mean? N…

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.

That's a bit of a supremacist take, no offense.

Maybe rather than complaining about it, we should actually build things?

Maybe we should pay a schoolteacher more than 1/4 what an advertising optimizer makes?

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

#154

Post by throwaway46e21 »

syntaxing wrote: post #72

Is there a good alternative to Reddit? I've been a pretty heavy user for almost a decade but they have been disappointing these past couple of years. I hate how their "principles" aren't consistent. They ban certain subreddit for certain violation while keeping others that fit the same exact category. They never provide an answer to the commuity either. Where do I go to now?! HN is my only safe haven left...

Metafilter

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

#155

Post by Deimorz »

baroffoos wrote: post #136
Deimorz wrote: post #51

Earlier quoted context omitted.

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…

I was going to mention tildes but who better to do it than you! I have been using tildes for about 6 months so far. I love the technical side of the website. Its fast and its minimal and doesn't seem to be sucking up my data. I also love the interactions I have had while using it. What its missing is the specialty stuff. On reddit I can find a whole community focused on one programming language. On tildes I'm lucky t…

Yeah, agreed. That's mostly just due to the small userbase, and hopefully we'll be able to build up specialized communities as the site grows (and the hierarchical group system should work very well for them).

It's worth remembering that reddit didn't even have user-created subreddits until it was over two and a half years old, and only had a handful of admin-created ones before that. It takes quite a bit of growth and time to be able to support specialized communities.

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

#156

Post by yourbandsucks »

scottydelta wrote: post #149

Reddit was outraged when the users heard that Reddit was going to take $150M from Tencent but now there is not a single mention of it on the frontpage even after they took double the earlier reported amount. I cannot help but think if it's the Reddit's censorship is in play here.

Or maybe the userbase democratically chose cat pictures.

At a certain point, it's our fault for having a decadent and exploitable society.

Why has Reddit needed to raise hundreds of millions long after being established?

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

#157

Post by [deleted] »

fermienrico wrote: post #8

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…

[deleted]

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

#158

Post by baroffoos »

SN76477 wrote: post #48
simook wrote: post #14

Earlier quoted context omitted.

I agree. The previous UI was much better.

The new UI feels like a roomful of fresh graduates designed it.

I think my brain has linked together modern ui with slow, broken and full of tracking. I think there might be nothing really wrong with the actual UI of reddit but its all the other things that got lumped in with the redesign.

Every time I see an old looking website or program its almost a refreshing feeling that it isn't going to try to suck money and data from me.

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

#159

Post by snuxoll »

Baeocystin wrote: post #123
panorama wrote: post #82

Earlier quoted context omitted.

> * 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.

Same, I read Reddit a lot on mobile with Apollo but my main usage remains on the desktop - I even pay for gold. The moment they take old.reddit away without some SERIOUS tweaking of the new UI is the moment I cancel gold and leave the site.

Shame too, because there are subreddits I love like /r/homelab.

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

#160

Post by Simon_says »

jstarfish wrote: post #118
Simon_says wrote: post #80

Earlier quoted context omitted.

I think it's immoral to support that website.

Yet you use it?

Yea, but I don't view their ads or give them money. It's the same line I draw with other internet properties that I find odious. Maybe a long time ago reddit was worth supporting, but they've made too many user-hostile decisions.

I realize that giving them page views counts as 'support' when they're trying to raise money from investors. I hope that my infinitesimal effect on their monetization numbers in the opposite direction cancels it out. Who knows.

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