> Reddit is raising $150 million to $300 million to keep the front page of the Internet running, multiple sources tell TechCrunch.
How much does it cost to run a website like Reddit per year?
Reddit is raising a huge round near a $3B valuation
321–330 of 877 posts
Re: Reddit is raising a huge round near a $3B valuation
#322Earlier 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.
The degradation seems to directly correlate with the modern-feel of the page. I'm not sure if that's intentional. It seems that modern front end fashion is a huge step backwards from earlier fashions in web development.
Re: Reddit is raising a huge round near a $3B valuation
#323Earlier quoted context omitted.
Reddit is still a haven for the far-right. It really leaves a bad taste in my mouth that they are tolerated there.
While this may be true, Reddit's "free speech" ethos has been part of its DNA from day 1. Reddit has also gone a long way to getting rid of the most egregious content (I mean, jailbait???) What would you suggest the alternative is? I think the real problem is that society is coming to terms with the fact that anonymous free speech isn't all it's cracked up to be.
> What would you suggest the alternative is?
Does there need to be one? This site seems to manage to avoid it. Quite how you get into the situation reddit did is mystifying to me.
I completely agree that anonymous free speech is not the ideal it sounds.
Re: Reddit is raising a huge round near a $3B valuation
#324Earlier quoted context omitted.
They've totally broken "quarantined" subreddits as well. I used to occasionally visit /r/watchpeopledie as a reminder of my own mortality and some of the horrors of the world, but apparently NSFW wasn't enough for people visiting "watchpeopledie" to realize they might see something bad. So they "quarantined" it, which actually means totally breaking it, in my browser at least. RIP. Discussion by others here [0] "I'm…
Yeah the horde of edgelords in WPD totally isn't one of the reasons the sub got quarantined. Gore will always be considered shock content, but the comments in WPD are almost always downright repulsive.
Yes. Let's ban repulsive stuff defined by democratic vote. Since the country is mostly Christian, no more talking about gay people - that's repulsive. Welcome to Russia.
What is downright repulsive is people who think like you do. Here's an idea - you don't like it, don't go to the subreddit and let them do what they want. We don't need people like you dictating the repulsiveness level of what others can say. I know it makes you feel more in control of your life, but who would want to live like you do? That would be one sad existence.
Re: Reddit is raising a huge round near a $3B valuation
#325Earlier quoted context omitted.
Challenge accepted. The current top comment on the current top post on /r/politics [1]: >David Frum said it best this morning on NPR, his call for unity isn't actually a call for unity, he's demanding that everyone to support him and his policies. The current top comment on the current top post on /r/The_Donald [2]: >Schumer looked disgusting. Glasses at the end of his nose. Very disrespectful. The politics comment m…
It's a reference to a classic Trump tweet: https://twitter.com/realdonaldtrump/status/14958910416893952... (Edit to the guy below: I'm not saying I disagree with you, just adding some context.)
The disgusting and disrespectful portions might be a reference, but it was the "Glasses at the end of his nose" line that jumped out as a potential dog whistle. The response with 25 upvotes that talks about Shumer's "sniveling nose" also doesn't help.
I know that politicians getting criticized for their looks is just part of the equation and Trump is a big victim of that. However it is a little different when you are criticizing a Jewish person's "sniveling nose", especially in a community that is routinely accused of being hateful and antisemitic.
EDIT: This comment is being heavily downvoted, but I am not sure why. Like I said in my original post this wouldn't meet my personal definition of hate speak. However is it really outlandish to suggest that a community that has been accused of antisemitism might be signaling their antisemitism when their criticism of a Jewish person is the most stereotypical physical characteristic of the Jewish people?
Re: Reddit is raising a huge round near a $3B valuation
#326Interesting that most of the comments here are about Reddit itself (the product) and almost nothing about Tencent.
For reminder, Tencent owns
- Riot Games (League of Legends, one of the most played game in the west)
- Epic Games (Fortnite, another one of the most played game in the west)
- and now Reddit (one of the most visited social network in the west)
Re: Reddit is raising a huge round near a $3B valuation
#327I'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…
There are so many more issues with Reddit, I'm surprised they haven't been digg'd or myspace'd yet.
The thing is that there's really no other nascent burgeoning platform that could take its place (like reddit did to digg). The Internet has become much more centralized in the past ~8 years ago. And so because of that, users have no choice but to deal with it.
I feel like one such event that could do it though is turning off their API for 3rd party applications. Wouldn't be surprised if it happens soon either, given the advertising pushes they've given their native application over the past year.
Re: Reddit is raising a huge round near a $3B valuation
#328Ever since the site redesign in May, popularity has been falling (source: Alexa Top Websites): https://www.alexa.com/siteinfo/reddit.com I hope that affected the amount of money they raised. As a reddit fan, the site redesign has not been pleasant. The mobile experience, too.
If you take a look at https://pushshift.io/, comment/post activity has seen significant growth in 2018. Of course, this is a completely different metric from unique visitors. I mod a large-ish (top 20 by subscriber count) sub so I can see traffic stats for the sub. Our monthly unique visitor count barely grew over 2018 although that is not very representative of site activity as a whole either.
The team at Reddit has all the data. They will know how to leverage/present them in order to raise more money. Web ranking is not the only thing used in valuation.
Re: Reddit is raising a huge round near a $3B valuation
#329Reddit is worth more just for the political influencing alone. It's known within certain circles that they manipulate the voting system so that articles of their choice reach the front page.
Re: Reddit is raising a huge round near a $3B valuation
#330Earlier quoted context omitted.
Another clear red line was when spez started editing comments.[0] It was childish and non-consequential, but should have resulted in an immediate exodus from the platform. I'm not politically aligned with r/The_Donald, but I think this sort of petty power abuse should not be forgiven; the platform needs to die, as an example to other platforms. [0] https://www.reddit.com/r/The_Donald/comments/5ekdy9/the_admi...
Also, when they created comments and manipulated their timestamps to make it seem like they were created far earlier than they actually were, for advertising purposes.
What incident is this referring to? I can't find anything via a quick search...