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Reddit raises $410M in new funding

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Re: Reddit raises $410M in new funding

#161
post #136

Earlier quoted context omitted.

One thing that they do not seem to be taking advantage of is how specialized many of their communities are. It seems primed for letting advertisers target to specific audiences, but as a user I don't really feel like the ads I get are targeted to what I read at all? Maybe I am uninformed but it seems like an advertising goldmine that hasn't been taken advantage of. If you are a PC components retailer, users of /r/bui…

I tried to advertise a product to a very niche group on reddit. I just wanted to select 4 specific sub-reddits and advertise to anyone that was a member or viewed that reddit. For some reason, reddit wouldn't let me advertise to 3 of the 4, and the 1 that they did let me advertise was very low volume (less than 100 members). I couldn't even get reddit to show a single ad, let alone have anyone click on it. Facebook b…

Yes, this. Google and Facebook make it super easy to advertise. Whenever I've tried to advertise on Reddit, nothing shows up, I have no idea why, and the advertising UI gives me no clues.

Re: Reddit raises $410M in new funding

#162
post #9

On a visitor perspective, this seems undervalued. This is a 50% or more discount to the market-cap/unique visitor ratio of Twitter, Snap, and Facebook.[1] And all the stats I've seen indicate much higher user engagement and time on site for Reddit compared to the other social platforms. The biggest issue is of course that their monetization is horrible. Like 95% lower per user than the other socials.[2] So the real q…

Your comments make perfect sense in light of the fact that Reddit is the world's largest free porn site, with just enough "social" sprinkled on top to keep you engaged between wanks.

The only information I could find claims that about 22% of reddit is NSFW. They calculated the percentage of NSFW subreddits with >100k subscribers. [1]

That's far from a perfect way to measure this, but it's around the statistic that 30% of the internet is porn. My intuition tells me Reddit probably reflects the internet as a whole pretty well.

[1] https://www.reddit.com/r/dataisbeautiful/comments/f94j0y/oc_...

Re: Reddit raises $410M in new funding

#163
Is it just me, or is Reddit broken in some way about 10% of the time now?

Overall, the site just seems janky. It used to be reliable and fast, say 3 years ago, but now it seems to choke on the higher load. I frequently encounter issues with comments not loading, karma not displaying, etc.

Re: Reddit raises $410M in new funding

#164

As someone who tried to advertise on reddit (though it was > 1-2 years ago, so things may have changed)-- Reddit, along with Twitter, is very advertiser unfriendly. And Im not just talking about the users. I literally couldnt give them my money. I wanted to target a specific subreddit, but couldnt buy any impressions on it for 3 months. The app kept forcing me to advertise on /all, or all technology reddits, which wa…

If they were making money, they wouldn't have to keep taking VC money, and further diluting their ownership.

Re: Reddit raises $410M in new funding

#165
post #9

On a visitor perspective, this seems undervalued. This is a 50% or more discount to the market-cap/unique visitor ratio of Twitter, Snap, and Facebook.[1] And all the stats I've seen indicate much higher user engagement and time on site for Reddit compared to the other social platforms. The biggest issue is of course that their monetization is horrible. Like 95% lower per user than the other socials.[2] So the real q…

>Or is there something intrinsic to Reddit traffic that makes it difficult to monetize? Reddit is also home to an enormous amount of porn and nsfw content in general which probably hurts this. They only just started preventing sexually explicit subreddits/content from appearing on r/all six months ago[0] https://www.reddit.com/r/changelog/comments/lhnvok/removing_...

to me, this seems like an opportunity for new advertisers that don't care about "their brand showing up next to porn"

is there a market rational reason why this hasn't occurred, or are the primary places that happen to also have adult content just assuming advertisers won't use their platform

sure, big fortune 500 ad spends are lucrative, but so is the aggregate of every single half baked idea that has to test the waters with targeted ads

Re: Reddit raises $410M in new funding

#166

Is it just me, or is Reddit broken in some way about 10% of the time now? Overall, the site just seems janky. It used to be reliable and fast, say 3 years ago, but now it seems to choke on the higher load. I frequently encounter issues with comments not loading, karma not displaying, etc.

Try using old.reddit.com?

Re: Reddit raises $410M in new funding

#167
post #47

Earlier quoted context omitted.

If you use digg as reference the long term outlook of reddit is not that bright.

digg died fifteen years ago. clearly a lot has changed, and the mistakes that killed digg have not been made. and i think reddit is beyond the point at which a digg-style fuckup could kill them. at worst you might see cadres of ideological users depart for something like lemmy, which is already happening to an extent, but there is a lot of space to flee internally, so most users don't feel the pressure. and diffusion…

whats lemmy? Googling around all I found was articles about the motorhead singer and some weird dead forum from the 2000s about lemmy koopa

Re: Reddit raises $410M in new funding

#168
post #13

Earlier quoted context omitted.

> How do they come up with this? You mean the valuation? It's a simple formula of ([money raised] / [shares issued]) * [total shares outstanding]

Just a linear regress on what they raised so far? Ok, fair enough. feels overvalued though.

No, gruez was talking about how to take the new cash infusion and turn it into market cap. Literally just price of new share times share outstanding. You wanted to know how they decided on the market cap to accept money for. It's a totally different, complex, and non-public process.

Re: Reddit raises $410M in new funding

#169

Earlier quoted context omitted.

the mods are even worse than admins in many respects. mods for popular subs have considerable control over what is allowed or not. Many subs have enormous blacklists of users,domains,and even words. As well as stupid, arbitrary content guidelines pertaining to length, the title, the body, and other stuff. Reddit admins have the most power but they tend to not get involved unless a sitewide rule is broken.

I've been permanently banned from almost all of the top COVID related subs for daring to discuss disallowed topics, like the Wuhan lab, as well as expressing anti-lockdown sentiments. My appeals have been instantly denied as well. I understand the idea that subreddits are user-run communities and should be able to self-moderate, but there are a couple problems with this: 1. Reddit claims to be the "front page of the…

Was the front page of anything ever not curated?

Re: Reddit raises $410M in new funding

#170
post #9

On a visitor perspective, this seems undervalued. This is a 50% or more discount to the market-cap/unique visitor ratio of Twitter, Snap, and Facebook.[1] And all the stats I've seen indicate much higher user engagement and time on site for Reddit compared to the other social platforms. The biggest issue is of course that their monetization is horrible. Like 95% lower per user than the other socials.[2] So the real q…

You asked if there was "something intrinsic to Reddit traffic that makes it difficult to monetize?" and the answer is: Yes, they're far less invasive than the other platforms you mentioned. Just at a very high level: - no offsite tracking (so no retargeting - the follow you around the internet ads) - no separate ad network (you can't buy ads on Reddit that show up on 3rd party sites) - limits on how granular targetin…

And now they're taking huge amounts of money, which means they need to succeed as an advertising company, which means they'll start doing many of those things.
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