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Reddit is raising a huge round near a $3B valuation

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Re: Reddit is raising a huge round near a $3B valuation

#251

Earlier quoted context omitted.

I do mind them promoting their app, it’s a horrible app and they’ve continually ruined their website. The only way I can stand to use reddit anymore is through Narwhal, at least until they kill their 3rd party apps API.

It’s funny, the web app used to be really good. Much better than the native app. Since then they have been making the web app increasingly worse over time, actively degrading its functionality and pleasantness to use.

You can just permanently set your account to use the old layout/view. I've noticed little to no changes other than user profiles, which are the "old new" ones.

On my phone I use reddit is fun. I have no issues at all with reddit atm in terms of them fucking with my experience.

Re: Reddit is raising a huge round near a $3B valuation

#252

Earlier quoted context omitted.

Sorry if I misunderstand, but are you suggesting that these forces are not active on HN?

They're more effective on a non-technical user-base where a larger fraction of users are unaware or less aware of those techniques.

HN is also a fraction of the size of Reddit, so there is less value in attempting to do so.

Re: Reddit is raising a huge round near a $3B valuation

#253

I actually hate Reddit these days. I've never really been into their various communities/subredits- and on occasion they're really useful spots of information or entertainment. But... Their current "force you into app" (which appears to leave you logged in, able to make account changes, even if you change your password) approach is fucking horrible. Their mobile navigation is broken by design and.... for what? What i…

> I've never really been into their various communities/subredits

Well, there you go. There's the issue right there

Re: Reddit is raising a huge round near a $3B valuation

#254
post #195

Earlier quoted context omitted.

/r/the_donald should have been closed a long time ago, due to their users and their mods breaking the rules (hate speech encouragement, mainly) that the rest of subreddits have to respect. Reddit has a dark incentive to keep it open, because it's a very popular community that helps Reddit make money, via ads and Reddit Gold.

Go read r/politics comments for 5 minutes and then go read r/the_donald comments for 5 minutes, then come back and tell me which subreddit has the most hate speech. Also let's not forget that r/politics mods sold the subreddit to Shareblue for $2 million.

Cite?

Re: Reddit is raising a huge round near a $3B valuation

#255

The HackerNews community is more appreciative of these problems than Reddit's. But Reddit will suffer from the same problems that Facebook and Twitter suffer from, if not already. Reddit users are easily manipulated by engineered content and engineering content on Reddit is not hard if you know what you're doing. Evidently, there are power-users on Reddit (e.g. /u/GallowBoob) who know exactly how Reddit ticks and can…

Reddit played a big part in the 2016 USA elections that crowned Trump. Reddit had to change its front page algorithm to avoid having Trump content near the top of the page for almost the whole time. The subreddit in question organized itself to mass-upvote certain posts at certain times, and Reddit wasn't prepared for such massive, non-organic influence. I wonder how big of a part the Russian bots and trolls played.…

Reddit is still a haven for the far-right. It really leaves a bad taste in my mouth that they are tolerated there.

Re: Reddit is raising a huge round near a $3B valuation

#256

I've been a fan of Reddit for a very long time (as the amount of data science work I've done with their data can attest to), but lately it seems like the incentives between Reddit as a business and Reddit as a community leader are not aligned, and that is a problem. The increasing amount of dark patterns Reddit has been employing lately is concerning. (recent example: Reddit now gates content in mobile Safari to push…

So what are you all's theories on why they want to push users to the app? Does that enable them to track more movement, target you with ads easier, etc?

Re: Reddit is raising a huge round near a $3B valuation

#257

The HackerNews community is more appreciative of these problems than Reddit's. But Reddit will suffer from the same problems that Facebook and Twitter suffer from, if not already. Reddit users are easily manipulated by engineered content and engineering content on Reddit is not hard if you know what you're doing. Evidently, there are power-users on Reddit (e.g. /u/GallowBoob) who know exactly how Reddit ticks and can…

> I suspect they will be bigger than Facebook (maybe not in valuation, but usage) in the next 7 years and these problems will only be exacerbated.

I only agree with that in the sense that I think Facebook (the facebnook.com site) usage will decline quicker that Reddit usage. As someone who's been on Reddit for almost 9 years, I feel like the redesign is kind of equivalent to the timeline change that Facebook had. While it's not going to cause massive user drop off on it's own, it's kind of the thing that opened people's eyes to the fact that they are the product on Reddit. Every new complaint about Reddit will be, "First they did the redesign and now they are doing {insert new annoying thing}"

I think we'll see a gradual decline in Reddit usage for a while, but nothing major as there are no real competitors in the space that can handle anywhere near their scale. Once an actual competitor pops up though, all it's going to take is one or two missteps and people will start moving off Reddit.

Re: Reddit is raising a huge round near a $3B valuation

#258

Earlier quoted context omitted.

Reddit has 230 staff (as of July 2017). edit (removed wrong maths): $1.9m per month in staffing costs @ 230 employees/100K each. Although a reply below says the staff may have almost doubled and $100K may be a low guestimate for the area (inc. benefits, etc). My question would be: Why does Reddit have 230+ staff? What do most of them do?

I could easily see 100 engineers split between operations, front-end/back-end/mobile, DBA, etc. I could see a dozen each of marketing, HR (moderation + community management), project/product/team management, and C-level. The rest could easily be sales. Sure you could argue you don't need 100 engineers for that, but if you factor in on-call rotations and how they're constantly refactoring everything...

Yea, if true, that 230 figure is shocking. I wouldn’t have thought they’d have more than 25% of that. What on earth are all these employees doing?

I worked at an avionics manufacturer that had a dozen or so products (things like physical displays and map systems that go into airplanes) that had less than 10 full time engineers. A few software devs, a few EE’s and an industrial engineer who did the chassis. Sure it’s not an apples to apples comparison but wow. Does it really take that many people to maintain an already-working web site? Isn’t the promise of “cloud” that your staff can scale far slower than your user base?

Craigslist has what, 50 people? Better comparison. Even that seems to be a lot.

Re: Reddit is raising a huge round near a $3B valuation

#259
I know someone worked for reddit for a while last year (they don't anymore because they hated every second of it) and from what I understand the engineering teams there are a nightmare of groups that don't talk to each other, constantly write the same code in completely different ways, have no common style and just shoehorn in whatever they want. Everything breaks pretty much all the time. All of that is aside from the fact that the workforce acted like a bunch of teens that just arrived at college and are going crazy due to lack of supervision (Every project had to be tiptoed around because of complicated interpersonal relationships). Not to mention the CEO offering drugs to people in his cabin at camp Reddit (the yearly retreat they do) Oh, and the fact that the platform itself hosts tons of alt-right, incel, racist, sexist, and violent content. Apparently last year Steve (ceo) told everyone to enact a hiring freeze while he figures some stuff out, and then after a month or two, when managers informed him of all the candidates they passed up, Steve freaks out and tells them that they should have hired them. During the hiring freeze. That he enacted.

The app also sucks. They try to make everything play embedded, so that if you want to share it, you pretty much have to share the reddit link, because the link to the actual content is hidden. That's bad enough but the embedded stuff also barely works. More often than not I have to go directly to the source for an embedded video or giphycat thing to play.

Every story I've heard about reddit sounds like a nightmare. It really sucks that it's become the defacto repository for so many hobbies.

Re: Reddit is raising a huge round near a $3B valuation

#260

I've been a fan of Reddit for a very long time (as the amount of data science work I've done with their data can attest to), but lately it seems like the incentives between Reddit as a business and Reddit as a community leader are not aligned, and that is a problem. The increasing amount of dark patterns Reddit has been employing lately is concerning. (recent example: Reddit now gates content in mobile Safari to push…

The worst dark patten in my view is 1) growing an online community around a set of values 2) growing so big you eclipse all competitors 3) suddenly changing your values to appeal to advertisers.

Reddit is in good company here, notably with YouTube and Twitter.

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