Reddit raises $410M in new funding

Post by kristofferR » Thu, Aug 12, 2021, 10:58 PM UTC

covercash wrote: post #52

weavie wrote: post #4

So, pretend you are in charge of spending $410 million dollars at Reddit. What would you spend it on? From my amateur perspective I've got, 2 web devs, 1 backend engineer, 3 devops. Pay them very generously and that's $1.2 million spent. I have no idea what I would do with the rest..

Maybe a Reddit coin? Use that money to mine it and then seed the Reddit ecosystem at first with coin upvotes/awards, build a merch market for subreddit specific merch, allow advertisers to list items on the marketplace funneling sales there from Reddit ads/promoted posts, original content -> NFT… I don’t know the details but I think the core base of Reddit would be into a project like that.

Post by uDontKnowMe » Thu, Aug 12, 2021, 11:05 PM UTC

screye wrote: post #227

uDontKnowMe wrote: post #190

Earlier quoted context omitted.

I think it's a common misconception that old.reddit.com is still extremely popular. As a mod of a medium-large sub which should skew highly towards old.reddit.com (developer-focussed content, created at around the beginning of reddit itself), the percent of pageviews on old.reddit.com is right now around 8%.

That is really interesting. Is it 8% of all users, or 8% of PC users ?

Post by Smashure » Thu, Aug 12, 2021, 11:08 PM UTC

heywintermute wrote: post #88

dcolkitt wrote: 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_...

Post by evandwight » Thu, Aug 12, 2021, 11:09 PM UTC

hutzlibu wrote: post #188

cwkoss wrote: post #177

Earlier quoted context omitted.

Reddit should charge for all commercial posts. It would clean up spam and generate revenue. Make a special class of commercial account, include some 'verification' badge thingy. Let subreddits ban all commercial content, unpaid commercial content, or leave open (for commercial-specific subs). Let mods profit share in commercial posts. (And fix the moderator system so "first to register controls the sub" is no longer…

"And fix the moderator system so "first to register controls the sub" is no longer the case" Suggestions? This is a complex proplem.

Post by deelowe » Thu, Aug 12, 2021, 11:10 PM UTC

NortySpock wrote: post #239

hutzlibu wrote: post #188

Earlier quoted context omitted.

"And fix the moderator system so "first to register controls the sub" is no longer the case" Suggestions? This is a complex proplem.

"the top 20 most upvoted comments in the subreddit within the last year, with the user having more than X posts per year in the subreddit, Y karma per post and more than 1000 characters per post, are invited to become moderators" Only really works for the in-depth subreddits, I guess it's not going to get you far on image or other media-based subreddits...