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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

#621
post #337

Earlier quoted context omitted.

"permenantly", except for the bug where about 1 pageview in 10 it still redirects you to new reddit. I think it's something related to improperly configured (server-side) caching or something.

I've never seen that happen. I only see it when I'm logged out on computer.

It happens to me frequently. Sometimes they just log me out for no reason.

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

#622
* valued roughly $10 per monthly active user

* Must make something like $0.01 - $0.007 ROI per active user per year to justify that valuation without growth.

* If user base grows, you can reduce those numbers accordingly

* If you take into account the risk that comes with new competition, valuation should go down. 20 years from now Reddit can be as valuable as Slashdot, Myspace or Usenet.

Personally I think Reddit has limited lifespan. $3B valuation is based on dot-com type hype. World changes and Reddit's is very basic technologically. When popularity goes away and next big social media innovation comes, Reddit's value plummets. It's never going to die completely off, of course.

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

#623

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…

I was browsing it using Firefox Focus, it pointed me to two options to use reddit: the app or Chrome (with its logo). I didn't want to open Chrome, so I closed and tried again. Only then I noticed that it was referring to any browser instead of Chrome... Not entirely bad, but a bit annoying.

Assuming you’re on Android. Using Firefox Focus on iOS I had the same issue, but the browser icon shows Safari. Still not sure whether they are being deceptive or incompetent.

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

#624

Earlier quoted context omitted.

If nothing else, I think your conclusion that the product team is incompetent (or displays a lot of incompetency) is debatable. That seems very uncharitable. Reddit isn't flush with money the same way Google, Facebook, Amazon and Netflix are. They can't throw wild amounts of cash at a problem to solve it or attract the talent who can. I think your characterization of Reddit's infrastructure challenges - which basical…

>>> Do you know of another website with Reddit's daily active users and revenue profile, but significantly higher availability? I'd say stack overflow. They're both a relatively simplistic website showing text messages posted by users. Nothing fancy. Reddit is a simple message board as there were many 15 years ago. They don't host images or video themselves, which avoid the issue of bandwidth. They don't seem to have…

reddit has hosted images since 2016 and videos since last year

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

#625
post #622

* valued roughly $10 per monthly active user * Must make something like $0.01 - $0.007 ROI per active user per year to justify that valuation without growth. * If user base grows, you can reduce those numbers accordingly * If you take into account the risk that comes with new competition, valuation should go down. 20 years from now Reddit can be as valuable as Slashdot, Myspace or Usenet. Personally I think Reddit ha…

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

#626

Ever 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.

At least we can continue to use old.reddit.com for now on desktop. On mobile, I refuse to use their own app since it's hot garbage and stick to Apollo, which works pretty well so far.

For now. Other issues with old.reddit is that it blocks web.archive bot, and their new design doesn't work for web.archive.org's captured content. It shows white page when page loaded.

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

#627

Earlier quoted context omitted.

Does advocating for single-payer healthcare, free community college, marriage equality, pro-choice, and higher tax rates for wealthy individuals constitute 'far left'? Serious question. I have in mind what I would think of as far left, but I don't see those folks are particularly well represented in the United States.

Being OK with the recent abortion bills in NY and VA is pretty far left. Statistically speaking. Reddit has also had a problem with anti-religious hate content, which isn't necessarily left wing except that the hate is often pointed at uncultured, socially conservative stereotypes.

I do not read headlines much but I recall hearing something about late term abortions recently. I am curious if the point is to push back against the far-right who want to outlaw it altogether? Because actually advocating for legal late term abortions would be out there a ways.

Thanks for the reply in any case. It is enlightening to hear what someone else's viewpoints are on where the current left/right ideological divide is these days. Sometimes it feels like we are in crazyland.

I personally try to avoid the religious stuff because I'm ignostic (commonly misheard as agnostic and I don't usually correct because it gets some folks a little bothered), but just a couple weeks ago we dropped off our kids with grandma for a weekend and when they came home they were telling us all about how grandma told them God this, Jesus that, etc. sigh. If I complain, I look like the asshole, but dammit, why do people think it's okay to proselytize to elementary aged kids that are not their own? So I can almost understand when people get a little nuts with the anti-religious viewpoint, even though I don't advocate namecalling and ridiculing others for their belief or lack thereof.

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

#628

Earlier quoted context omitted.

Many users who use mobile adblockers will use one across the entire device (easy on rooted Android) instead of just a browser extension.

I'm pulling these numbers out of a hat, but I would wager users with rooted Android devices are below 1% of the mobile user base, and probably below 0.1% of the total user base including desktop.

On Android, it used to be the case that many ad blocking apps were just Proxy services.

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

#629

Earlier quoted context omitted.

I don't have any numbers, but it would honestly surprise me if StackOverflow was within two orders of magnitude of Reddit's traffic. Edit: here's some confirmation. Reddit has 330M active monthly users: https://www.socialmediatoday.com/news/reddit-now-has-as-many... And SO has 10,002,577 total: https://data.stackexchange.com/stackoverflow/query/edit/9766...

StackOverlow is a small website that can run in a garage on a couple of servers, and that's with a lot of margin. I wouldn't be surprised as well if reddit was two orders of magnitude more than that, but that's still a fairly moderate site to operate. It is numerous orders of magnitudes away from the like of google, youtube or facebook.

> StackOverlow is a small website that can run in a garage on a couple of servers, and that's with a lot of margin.

Maybe things have changed, but in 2016 they were running three or four dozen servers in each of two data centers:

https://nickcraver.com/blog/2016/03/29/stack-overflow-the-ha...

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

#630

Earlier quoted context omitted.

The reddit audience was historically very resistant to advertising. When it began it really wasn't a million miles away from the HN audience, could you imagine the drama we'd have here on HN if suddenly banner ads started appearing? Reddit grew to the point where its audience is now a lot more broad and the previous audience is a vocal minority. They can get away with ramping up ads and other behaviour because the au…

The ads are already happening all over HN. Don't you see the jobs posting for YC companies? Remember that YC is an investment company. They certainly made billions of dollars through the companies they funded, that were in part thanks to HN. Every time you send a direct job application to a HN company, that's 20% of your yearly salary staying in the company instead of going to recruiter fees. That's the hell of a rev…

Yes, they've always been there since the beginning of HN that's in large part why nobody cares. I am talking about the kind of advertising for random crap that turns up on other websites, HN doesn't need to do that because frankly HN isn't that big (compared to reddit) and has deep pockets.
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