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Reddit raises $200M at a $1.8B valuation

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Re: Reddit raises $200M at a $1.8B valuation

#51

Frankly, I love Reddit. If you pick and choose the right communities, it can be an amazing resource for everything from tech discussions, to local news, to emotional support. However, I will strongly agree with the perception problem, there's also a lot of bad on Reddit and its structure as a series of echo chambers doesn't help.

I agree, and hope that them being beholden to more investor money won't screw up the great medium for conversation that lots of subreddits currently are.

Re: Reddit raises $200M at a $1.8B valuation

#52
post #8

>An early version of the new design, which we saw during our interview, looks similar to Facebook’s News Feed or Twitter’s Timeline: A never-ending feed of content broken up into “cards” with more visuals to lure people into the conversations hidden underneath. Not sure why this UX concept needs to be applied to every kind of interface nowadays. I think Reddit's current interface could be updated visually without cha…

>content broken up into “cards” with more visuals to lure people

The reasons I left Digg for Reddit were the information density and the ease of rapid browsing. Eliminating those in favor of "cards" is incredibly short-sighted.

Re: Reddit raises $200M at a $1.8B valuation

#54
post #18

Earlier quoted context omitted.

So they're doing a Digg. End of an era. What's the "reddit" that everyone will migrate to when they change the UX?

Voat ( https://voat.co/ ) is also an option I've heard of before but never used. However I just looked at their front page and the number 2 post is titled 'How to solve the Voat's antisemitism problem' and the image contains an antisemitic slur so that's not very promising.

Unfortunately Voat got overrun with Reddit's least desirable people and content, as you've already seen.

More than that though, Voat doesn't seem to have any significant funding or even team behind it, so even if people do end up flocking to a site primarily known for its ardent bigotry, it's unlikely Voat can withstand a large spike in its traffic and scale to even a fraction of Reddit-level.

Re: Reddit raises $200M at a $1.8B valuation

#55
But.. but I began to like Reddit. Now they want to take it away from me by destroying it.

> It’s going on a hiring spree

Ouch.

> redesigning its website

For no reason other than giving the unnecessary people from the hiring spree something to do.

> Huffman would like to end 2017 with around 300 full-time staff

The current number of 230 employees is already about ten times too many. What the hell do they need the additional staff for?

> The company is also not profitable.

Doesn't need to be because it could be run by ten people living off of donations.

Re: Reddit raises $200M at a $1.8B valuation

#56
post #3

>the company is literally re-writing all of its code Wow. >An early version of the new design, which we saw during our interview, looks similar to Facebook’s News Feed or Twitter’s Timeline: A never-ending feed of content broken up into “cards” with more visuals to lure people into the conversations hidden underneath. >“We want Reddit to be more visually appealing,” he explained, “so when new users come to Reddit the…

_Why_ exactly are they doing a redesign? Is there something deeply wrong with the current one? Is there something it's not accomplishing? It just smells of executive/marketing meddling to me.

This is explained in the article.

Re: Reddit raises $200M at a $1.8B valuation

#57
post #30

I would love to see reddit being more like a wikipedia than a facebook. If they cut the sales team out and ask for donations like WP does, they would do just fine. I was on reddit before I was registered on FB and quite frankly I love reddit.com way more than FB for many reasons. It's a shame that they go down the hypergrowth-unicorn model.

> ask for donations like WP does

Isn't that what reddit gold is?

Re: Reddit raises $200M at a $1.8B valuation

#58
post #15

> Still, he says making money is “not our top priority,” estimating the company spends only about 20 percent of its resources on its advertising business. Huffman declined to share revenue totals. The company is also not profitable. I can't imagine giving $200M to a group of people who publicly say they're not focused on ensuring I get it back. Is this a VC investment or a charity? Also, have they not achieved profit…

I think there was some calculation estimating reddit's hosting costs at less than $10M. so it's probably not that.

Re: Reddit raises $200M at a $1.8B valuation

#59
post #7
post #3

>the company is literally re-writing all of its code Wow. >An early version of the new design, which we saw during our interview, looks similar to Facebook’s News Feed or Twitter’s Timeline: A never-ending feed of content broken up into “cards” with more visuals to lure people into the conversations hidden underneath. >“We want Reddit to be more visually appealing,” he explained, “so when new users come to Reddit the…

Yeah, I really appreciate the spartan quality to the UI. IT simply lists the topics, be they link submissions or text-posts, with a score and a comment count. I also really like the Reddit forum / discussion UI. It makes it very easy to see who is replying to what, and let's you easily hide or collapse away whole uninteresting side-conversations. I fear any "Facebook-style" visual embellishments will actually make it…

The whole appeal of reddit for me is the conversation - similar to HN.

I don't want a flashy link aggregator, I want bare bones design with a link/img and discussion. That's it.

Anything that tries to model its UX/design on Facebook loses my interest immediately.

Re: Reddit raises $200M at a $1.8B valuation

#60
post #3

>the company is literally re-writing all of its code Wow. >An early version of the new design, which we saw during our interview, looks similar to Facebook’s News Feed or Twitter’s Timeline: A never-ending feed of content broken up into “cards” with more visuals to lure people into the conversations hidden underneath. >“We want Reddit to be more visually appealing,” he explained, “so when new users come to Reddit the…

I recall seeing a comment by reddit's CEO that the new mobile website saw 4x more engagement. That probably gives them the confidence that this will pay off.
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