Reddit confirms $300M Series D led by China’s Tencent at $3B value
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Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#2It doesn't say if Tencent gets a board seat or not. Without a board seat the impact should be less...
Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#3I’m done with Reddit. It was a nice ride, but now it’s officially over. They’ve been trying to turn reddit into Facebook, a personal data vacuum, but now it’s going to get ugly.
Considering the valuation, remaining as an unpaid moderator for a reddit sub, is absolutely crazy. Hopefully all the mods up and leave, nothing like letting others get rich from your free efforts.
Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#4It doesn't say if Tencent gets a board seat or not. Without a board seat the impact should be less...
If they don’t get a Board seat it would be the dumbest $300m ever spent, but if they don’t get a Board seat it means their interests are already protected and represented.
Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#5This is a hilariously petulant article.
Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#6I’m done with Reddit. It was a nice ride, but now it’s officially over. They’ve been trying to turn reddit into Facebook, a personal data vacuum, but now it’s going to get ugly. Considering the valuation, remaining as an unpaid moderator for a reddit sub, is absolutely crazy. Hopefully all the mods up and leave, nothing like letting others get rich from your free efforts.
You and I both know that's not going to happen. There's no shortage of people willing to moderate subs.
Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#7I’m done with Reddit. It was a nice ride, but now it’s officially over. They’ve been trying to turn reddit into Facebook, a personal data vacuum, but now it’s going to get ugly. Considering the valuation, remaining as an unpaid moderator for a reddit sub, is absolutely crazy. Hopefully all the mods up and leave, nothing like letting others get rich from your free efforts.
I also decided it's as good a time as any to rip reddit out of my daily life, after using it for the better part of the last 10 years.
Between the crushing "download our tracking riddled app" / "switch to our shitty new redesign" push recently and massive amount of engineered sponsored content, instead of paid-for advertisement, there's nothing there keeping me interested. This most recent funding round is just icing on the cake.
It's only a matter of time before they go down the twitter path and outright ban third party apps.
Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#8I've seen Reddit degrade painfully over last 8-10 years. It was full of intelligent comments, insight and unique perspective from people all over the world. Browsing the front page and reading the comments makes me sad that instead of intellectual discourse, we have a 3 billion dollar meme making machine.
I wish to keep HN away from the masses as much as I'd like a broader perspective in the light of how things go with typical social networks. There is no lack of funny things on the internet. Even witty jokes have no place here because slowly and surely it will erode away why HN is a gem of the internet.
Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#9Maybe if they get another $300M round they will be able to afford some designers to fix the abomination that the current design is.
Re: Reddit confirms $300M Series D led by China’s Tencent at $3B value
#10I've seen Reddit degrade painfully over last 8-10 years. It was full of intelligent comments, insight and unique perspective from people all over the world. Browsing the front page and reading the comments makes me sad that instead of intellectual discourse, we have a 3 billion dollar meme making machine. I wish to keep HN away from the masses as much as I'd like a broader perspective in the light of how things go wi…
I’m a 13-year reddit user. The quality of the site going down is simply a symptom of its popularity.
Think how dumb the average joe is, then realize that 50% of the population is dumber than him.
You can still find intelligent discussion on reddit, you just have to do a lot more work filtering.