Reddit Rumored To Be Raising Money, At A $400 Million Valuation
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Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#2With all the acquisition write-offs we see, it's pretty awesome to see that this one has worked out so well for Condé Nast. It was such an unconventional acquisition, and now it's worth about half of the New York Times.
Other giants in fading industries should take note.
Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#3In recent years I've really grown to despise Reddit, so I'm going to get a kick out of the angst that Redditors will feel when they gradually realize that their interests and Reddit's interests diverge.
Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#4In recent years I've really grown to despise Reddit, so I'm going to get a kick out of the angst that Redditors will feel when they gradually realize that their interests and Reddit's interests diverge.
I love reddit, but I do fear bringing on lots of investors will seriously damage the site and the community. Just look at what appears to have happened with Quora in the scramble to satisfy stakeholders.
Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#5In recent years I've really grown to despise Reddit, so I'm going to get a kick out of the angst that Redditors will feel when they gradually realize that their interests and Reddit's interests diverge.
I can understand that the community may not be as appealing due to its growing popularity, but what has Reddit done company-wise that conflicts with users' wishes? The interface is still as minimal and the advertising virtually non-existent
Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#6With all the acquisition write-offs we see, it's pretty awesome to see that this one has worked out so well for Condé Nast. It was such an unconventional acquisition, and now it's worth about half of the New York Times. Other giants in fading industries should take note.
> (...) and now it's worth about half of the New York Times.
Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#7It will be interesting to see what they do with the money. I wonder too if they IPO if they will provide moderators a sum of money like Geocities did back in the day.
Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#8In recent years I've really grown to despise Reddit, so I'm going to get a kick out of the angst that Redditors will feel when they gradually realize that their interests and Reddit's interests diverge.
I love reddit, but I do fear bringing on lots of investors will seriously damage the site and the community. Just look at what appears to have happened with Quora in the scramble to satisfy stakeholders.
What do you think has happened to Quora?
Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#9With all the acquisition write-offs we see, it's pretty awesome to see that this one has worked out so well for Condé Nast. It was such an unconventional acquisition, and now it's worth about half of the New York Times. Other giants in fading industries should take note.
> (...) and now it's worth about half of the New York Times. It's one of those cases where I can't help but think, you know, maybe our metrics are way off.
Off in that the NYT should be worth more because it makes money, or off in that Reddit should be worth more because of it's ungodly amounts of traffic and devotion?
Re: Reddit Rumored To Be Raising Money, At A $400 Million Valuation
#10In recent years I've really grown to despise Reddit, so I'm going to get a kick out of the angst that Redditors will feel when they gradually realize that their interests and Reddit's interests diverge.
I love reddit, but I do fear bringing on lots of investors will seriously damage the site and the community. Just look at what appears to have happened with Quora in the scramble to satisfy stakeholders.
They've done an impeccable job of steering the site in the past. With their track record and the sheer sweat and grit they've put into the site, I'm confident that won't change just because they raise capital.