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Reddit Is Raising Funds at a Valuation of $1.7B
- monksy 9y agoFrom what I've seen about reddit is a few things: 1. They have some weird policies about how they want their employees to work. At one point of time they were ok with being remote, then they moved everyone to SFO or told them to pound sand. 2. Scaling issues: Seems like that's an after thought and only gets addressed "when it happens"* (Never thought put in after the fact) 3. The Modmail.. it's bad when you're dealing with lots of it. There are features completely lacking. (Like searching, or a CRM for users and how they contacted the mods) 4. The non-obvious spam.. it's gotten worse now that they took down r/spam.
- ejcx 9y agoWould love to know revenue numbers. At some point, 10 years in, you need to have a monetization plan. $1.7B is a lot of money
- minimaxir 9y agoThe last known revenue figure was $8.3M in 2014: https://techcrunch.com/2015/02/18/reddit-charity/ https://techcrunch.com/2015/02/18/reddit-charity/
- mikeyouse 9y agoThere's a caveat with that revenue figure in that they very specifically quote how much Ad Revenue Reddit earns, not total revenue. They sell branded products and Reddit gold which definitely increases that number.
- grillwork 9y agoSo T-Shirts and Gold checks next to your name are worth a 1.8B valuation? It's a propaganda machine at this point.. that's its worth.
- manquer 9y agoYou jest.. t shirts sales can be huge in sports . For ex some soccer teams like manchester united or real madrid make enough to justify a valuation not much different based on the t-shirts sales alone...
- komali2 9y agoDoes anybody know why development at reddit is so slow? I know they have an engineering team, but if you track the changes over the last couple years, it's not much given how much time has passed. And that's not for lack of feature requests that Reddit staff have admitted would improve the site.
- sjg007 9y agoGot to keep the site up.
- jliptzin 9y agoMaybe they don't want to fix what's not broken. If their usage continues going up at acceptable rates year after year, then maybe they have all the features they need right now. I have witnessed more than a few properties decline after site owners complicated the UI with stupid features barely anyone was asking for just for the sake of working on new stuff.
- pmoriarty 9y agoYou can't even edit the title of a Reddit post. That's been known for years and nothing's been done about it.
- redthrowaway 9y agoThat's almost certainly by design. Just as with tweets, it would be massively abused.
- kalleboo 9y agoYeah I'm pretty sure mods can...
- adventured 9y agoMight make sense to make it optional per subreddit. Some communities are far less filled with trolls than others. Locked after N hours or minutes is also a potential solution elaboration that could give subreddits flexibility (on/off, if on then lock after N time options). Default it to locked. One more layer would be to enable only for established accounts and or based on the account behavior historically, and so on.
- m-j-fox 9y agoI love Reddit, but remind me what's their business model? I've never seen an ad using Relay For Reddit. Free content is great but how do they keep the lights on much less justify $1.7 billion? (Also, HN. Servers are cheap but how do they pay dang to tell me I'm being toxic?)
- SanPilot 9y agoThe reddit.com website has some ads on it. Relay probably uses their API, which doesn't include any ads.
- jacquesm 9y ago> Servers are cheap but how do they pay dang to tell me I'm being toxic? They don't have to pay dang for that I'll be happy to oblige, this is a toxic comment because of that last bit, essentially you are just stirring the pot and baiting the moderators. As for the value of HN to YC: it's a recruiting and marketing machine the likes of which you'll rarely find for any kind of money, I suspect that no matter what Dan and Scott are paid it is well worth it to YC.
- raldi 9y agoAlso, HN provides YC with unending nuggets of insight.
- crispytx 9y agoThey run sponsored posts on the HTML version of reddit, not sure about their mobile app tho. I've actually paid to run some ads on reddit and would recommend them. Their ads are cheap and they'll definitely send traffic your way if that's what you're looking for.
- meesterdude 9y agoi have not had such great experiences with their advertising platform.
- denim_chicken 9y ago
- crispytx 9y agoIsn't reddit already successful? Why are they raising money? Shouldn't they be generating profits and returning those profits back to their shareholder(s)?
- ktta 9y agowelcome to silicon valley
- austenallred 9y ago>Isn't Reddit successful? Why are they raising money? To become more successful
- jMyles 9y ago> Shouldn't they be generating profits and returning those profits back to their shareholder(s)? What black magic is this? Surely you aren't suggesting... the d-word?!
- bdcravens 9y agoGithub didn't raise a Series A until after it was successful and established.
- rimjeilly 9y agoven cap $ = the demise (most likely)
- f4rker 9y agoCorrect. They deserve it to. Been a poorly ran site for many years.
- jacquesm 9y agoTrying to imagine the kind of strategy that will yield a large enough multiple of that valuation to satisfy the new investors, or the kind of strategy that would create an annual ROI that would keep them happy. And failing. Anybody have any idea what the long term game plan is here?
- austenallred 9y agoIt's pretty clear, to me at least, that they'll become one of the biggest websites of any kind, and with a massive amount of data around what people like and are interested in. Pretty simple to imagine that being worth far more than $1 billion. Their user growth recently has been astounding.
- jacquesm 9y agoI agree with the first bit and the last bit. The bit that makes no sense to me is that their value should be predicated on them making at least that much in either profits or some kind of exit. Since almost all attempts to really monetize Reddit in the past have failed because of massive backlash from the users I wonder what the plan is. There has to be some kind of major change to either Reddit or to the audience to warrant the valuation.
- mbesto 9y ago> all attempts to really monetize Reddit in the past have failed because of massive backlash from the users I wonder what the plan is. Exactly this. Reddit has been around long enough that I don't foresee any experimentation that could yield this type of commercial turnaround.
- Judgmentality 9y agoWhy are users worth money if they're barely being monetized? Considering how big (and old) reddit already is, they should already be profitable, and hence shouldn't need to raise money - unless they're planning something radical and expensive. Reddit is a cool site and wildly popular, but that doesn't mean it's going to make billions of dollars. Also I suspect the site is increasingly populated with bots, not real users. I'd actually imagine the site is less popular this year in terms of real users than it was a year ago, although I have no way to know that and could be wrong. I'd need to see hard evidence to believe it hasn't had a rapidly growing bot population though.
- zitterbewegung 9y agoAs others have mentioned development of reddit has been slow for the fact that their Engineering teams were performing Administrative tasks to the point that they could only maintain the site. Since they have cleared that hurdle by instituting more straightforward moderation and administration. The only exception to this is when a reddit admin actively modified a thread by users being hostile. This creates irreparable problems because users can't trust the administration to not tamper with their comments. They have on record stated that they will not do this in the future but you can't undo the removal of trust of their users. I have been a reddit user for almost 11 years and I am not associated of the group in question and it has made me loose faith in reddit. Their struggles with advertisement is something they can actively address now. Before when they were smaller than digg once digg made a huge mister and alienated their users this allowed to flourish into the site it is today. Due to the fear of what occurred to Digg their advertising was less aggressive their advertisements have been less aggressive and attempt to be targeted. But, since reddit is so large now the risk of alienation is much less. Also, other condenders like imgur and voat have tried to take the throne from reddit without success. Also, they have made great strides in making it accessible to everyone and you can get anyone from any political spectrum. If reddit wants to make money they have to broaden their appeal greatly and I believe thats the purpose of the $150m. Hopefully when they do this they won't turn out like digg because they are a much larger network now.
- Nition 9y agoOne thing I thought was interesting about the admin-editing-comments fiasco was how a large portion of users expressed surprise that an admin editing comments was even possible, and suggested it shouldn't be. Others had to come in and explain that yes, in fact Mark Zuckerburg could edit your Facebook comments if he really wanted to, and admins could edit your comments on other forums and so on. It's just usually they choose not to.
- wmeredith 9y agoEh, this wasn't all that surprising to me. It reminds of the time my sister was shocked to discover that her car had a battery. You don't have to know shit about how a web site works to use one.
- minimaxir 9y agoHere's a quick chart of the monthly number of submissions to Reddit over time (until April 2017): https://docs.google.com/spreadsheets/d/1d3kqAebZiUqmI-GbmvNY6Cz22QJrdwiX20ZuchQs_g0/edit?usp=sharing https://docs.google.com/spreadsheets/d/1d3kqAebZiUqmI-GbmvNY... At about the start of 2017, Reddit saw a noticeable increase in the activity growth rate, which investors love (although the biggest chunk occurred around October/November 2016, due to the U.S. Election) And here's the BigQuery to reproduce the aggregation: #standardSQL SELECT DATE_TRUNC(DATE(TIMESTAMP_SECONDS(created_utc)), MONTH) as mon, COUNT(*) as num_submissions FROM `fh-bigquery.reddit_posts.*` WHERE (_TABLE_SUFFIX BETWEEN "2015_12" AND "2017_04" OR _TABLE_SUFFIX = "full_corpus_201512") GROUP BY mon ORDER BY mon
- ben_jones 9y agoAre there any studies being done in the increase of bot accounts used for social media manipulation and other such marketing purposes?
- shostack 9y agoIf not bots then shills. There was a massive increase in obvious shills/bots in the various political subs leading up to the election and through today (although less so than before the election). Let's get some engagement stats on those user counts.
- greenleafjacob 9y agoYes, http://comprop.oii.ox.ac.uk/ http://comprop.oii.ox.ac.uk/
- swyx 9y agonewbie here... where can i run this thing? from your post it seems like someone is hosting "fh-bigquery.reddit_posts" somewhere?
- vosper 9y agoBigQuery runs on Google Cloud, which has a monthly free tier.
- f4rker 9y ago- no way Reddit is worth over a billion - "startup"? Lol
- grillwork 9y agoreddit is about to suffer the same mass exodus Digg did if they keep up the shit brigade.. That site has gone to hell since the election.. ruined by shills and bots in every subreddit.. can't be bothered w/ it anymore.. sick of reading about Trump and Hillary.
- iends 9y agoStick to the smaller technical subreddits.
- jmkni 9y agoAlso the smaller local ones (for your Town/City/etc).
- omegaham 9y ago/r/portland exists in an unending state of butthurt, but your town may be different!
- abawany 9y ago/r/Austin is toxic beyond words. There are sometimes great gems though, which still makes it worthwhile to comb through the piles of racist trolling and other muck but it gets to be a harder job every week. The mods just don't give a flipping flip. It is sad.
- sotojuan 9y agoProgramming subreddits, aside from a few well moderated ones, are more full of vitriol, fanboyism, and misinformation than HN.
- kumarvvr 9y agoSeems to be less than reasonably priced. I know reddit gets a lot of flak for shit-posting content, especially during and after the recent US elections, but it has huge potential to become a consistent part of a users media consumption & participation diet. It's really addictive.
- ares2012 9y agoIf that happens, the Digg team is going to REALLY regret all of those missteps along the way.
- jknoepfler 9y agoI stopped using reddit when they put a "USE OUR MOBILE APP OR DIE" message that cannot be closed conveniently on their mobile page. There is no possible advantage that can accrue to me by giving them app-level access to my device rather than running in my browser, which I trust far more than I trust them. They are literally a dynamic, partitioned page-ranking system, why in the heck would I ever let that escape the browser's sandbox? I'm (obviously) not the target market, but I absolutely detest disingenuous behaviour like this.
- intruder 9y agoOT: but I feel the same about imgur. You can't use their mobile site to upload pictures anymore. You have to request the desktop site or install their app.
- fiblye 9y agoI've been bypassing it by manually entering http://imgur.com/upload http://imgur.com/upload
- erikpukinskis 9y agoYelp also. They put up bizarre barriers, like you can't view the 11th photo in a gallery without installing the app, can't read specific reviews, etc. It has bred surprising resentment in me! I'm plotting a Yelp killer in the back of my mind now.
- simlevesque 9y agoYelp does all sorts of shady stuff.
- wingerlang 9y agoIf you're on iOS, you'd just move it from one sandbox to another.
- 37 9y agoI sort of believe that the push to mobile is to utilize technologies like GPS, and for tracking purposes / more information points. To get to know the [s]customer[/s] mark better than they know themself. Also, the ISPs may help this push since mobile data is more costly to the consumer than regular ethernet cable type data. wired > wifi /takes off tinfoil hat
- theprop 9y agoLast I heard Reddit was doing less than $10 mn / year in revenues. It's highly under-monetized, but it looks difficult to grow in 5 to 10 years to generating $150 million in annual profits to justify this valuation. I'm surprised Reddit stays so popular. I stopped using it ~8 years ago. The habit didn't stick with me (beyond a year or two).
- PhasmaFelis 9y agoI don't understand how investors still think that "Step 1: get a lot of users, step 3: profit" is a great business model.
- Nition 9y agoEspecially since it's more like Step 1: Get a lot of users Step 2: Major losses Step 3: ????? Step 4: Profit?
- dboreham 9y agoBecause actual money making things are very hard to come by? They typically involve either huge amounts of unforseeable luck, or a time machine to go back to before some monopoly was achieved. Or they're borderline illegal, which takes a long time to achieve too because you need to grow the capacity to pay off the politicians. By contrast "look, tons of eyeballs" is much easier to find and hype.
- omegaham 9y agoEspecially since there will always be another group of investors that are currently on Step 1. If Reddit's experience starts sucking once they try to monetize, there will be no shortage of people who are going to offer a superior (i.e. non-monetized) experience with the intent of somehow monetizing The Right Way in the future. Wash, rinse, repeat.
- frankdenbow 9y agoBecause it worked well for Google and Facebook
- 9y ago
- makecheck 9y agoIt seems like Reddit would be a good candidate for experimenting with tiny fees: namely, $12 per year just to use it. That’s one (moderately priced) lunch in total, a dollar a month, for a site that provides a huge amount of content and discussion or just distraction. Far less than one crappy movie in a theater, too. And if everyone paid this, they’d have tons of cash.
- nso 9y agoYou'd probably be suprised to learn that for large chunks of reddits demographics 12 USD is a large sum of money.
- mercurial 9y agoI think paywalling reddit would kill it. It's not like Reddit Gold is very expensive ($30 a year). But I do think that simple friction (needing to hand over one's credit card information) is a barrier, combined with the fact that the Gold benefits are far from essential.
- icelancer 9y ago>And if everyone paid this "If I just capture ONE PERCENT of this nine figure market, I'll be rich!" -standard entrepreneurial slide deck The paid rate would be well under 1%. Potentially an order of magnitude lower than that.
- fwdpropaganda 9y ago
- Medaber 9y agoReddit is all but dead. Everyone has moved over to voat.co. Good luck monetizing the bloat that's left.
- throw_away_777 9y agoReddit has the worst mobile site i've ever seen, with constant pop-ups that make the site basically unusable. Sometimes a good idea and first to the market is better than good execution.
- curiousgal 9y agoGet Sync for Reddit and you'll even stop using their Desktop website.
- fwdpropaganda 9y agoIt's the JS. And you can't use it without JS either.
- jmkni 9y agoYeah, their mobile website isn't very good, neither is their app. IMHO the only way to use Reddit on a mobile device is to request the desktop site. However, I recently opted into their new user profile thing which is completely broken on mobile (and you can't opt-out).
- omegaham 9y agoi.reddit.com is bare-bones and buggy, but it's fast.
- majani 9y agoSometimes I wonder whether some sites intentionally downgrade their mobile site to push people to download their app. Certainly seems that way with reddit. Anyway, at least i.reddit.com still exists, albeit in the background like some kind of insider rumor.
- MicroBerto 9y agoAdd `.compact` to the end of any URL on reddit and that's the best mobile mode. Super fast.
- dorfsmay 9y agoYou can use the desktop site on mobile which if you combine with mobile Firefox's "switch to new tab" makes reading reddit on mobile not suck.
- ngold 9y agoCracks me up why Reddit is the way it is questions. Ask kevin Rose fron tech tv. As soon as Reddit drops its bbs style it is dead. For those complaining about Css RES. Reddit is only a thing because people feel safe there. What other site of its user base does that?
- ngold 9y agoOn a side note; who was that goofy guy that Rose melted laptops with?
- dorfsmay 9y agoWhat do you mean by "users feel safe"? IMO, reddit is a thing because it is topic oriented instead of user/ego oriented. It really is the modern day Usenet. The two long term problems they have though is moneytising and bad/illegal content (moderation).
- Neliquat 9y agoCmon. Reddit and Usenet are both famous for their ego'd power users.
- naaaaak 9y ago1.7B for a pro-censorship left-wing cheerleading site. Not worth.
- SkyMarshal 9y agoHow do you explain /r/the_donald then?
- sdca 9y ago>cheerleading So many ways that this can be unpacked. Bravo!
- ptenk 9y agoThey should do an ICO. I would buy their tokens.
- deleted 9y ago[deleted]
- shawnee_ 9y agoReddit has an opportunity to do right everything that Twitter has done (and continues to do) wrong. It took me about ten years to figure out that Twitter is a cesspool of useless noise and ego. Everybody tries to outdo each other with noise and follower count. What Reddit does right is focus on topics, primarily, not personalities. (Although I actually like the new user profiles, since they tend to be secondary focus). Twitter could have been something different, and I think that expectation for something more got priced into what it is valued at today. Based on Twitter's current market cap (12.12 billion dollars!) it's already overvalued by a LOT; and there's really nowhere else for it to go but down. Any new users it gets are just bots or other political warfare tools. For me, the final straw was that Twitter wouldn't "verify" Ecosteader as a legit account. So I deleted my Twitter accounts, sold a small investment I'd opened a couple years ago, and now spend more of my idle time reading Reddit rather than Twitter. And I feel so much better for it... A subreddit is far more useful than a hashtag... it has stay power, searchability, and (like Twitter) is the kind of place where people will vent and where companies can interact with customers / users. The key for Reddit, I think, will be to do what is right for its users to achieve information awareness... Conde Nast is a news platform, after all. Let's just hope they don't let themselves go the way of Yelp.
- Sophira 9y ago> What Reddit does right is focus on topics, primarily, not personalities. I think they've been trying to change that recently; they've been focusing more on content creators - people like Shitty_Watercolour who are known Reddit-wide for the original content they post. As you noted, they launched a new type of profile which basically turns it into a subreddit, which they're pushing as a way for content creators to post their works easily.[0] The feature is still being developed but is now available to more people. To be clear, the feature is a good one in concept, but I think the fact that they chose to market the feature this way as opposed to marketing it as "bringing old-school link blogs back" or similar says a lot about how Reddit wants to change its image. [0] https://www.reddit.com/r/announcements/comments/60p3n1/tldr_today_were_testing_out_a_new_feature_that/ https://www.reddit.com/r/announcements/comments/60p3n1/tldr_...
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- agentgt 9y agoWhat's interesting about Reddit is boutique consumer product companies that use it to create cult like addictics of their products. It would be interesting to see some potential marketplace addons or payment processing. Thus reddit could long term replace or absorb Etsy and maybe maybe Craigslist.
- rayuela 9y agoThis would be a great idea! Some of the local subreddits already have some commerce going on.
- owaislone 9y agoIsn't 1.7B a bit too low for Reddit considering it's size and popularity especially in the US?
- k2xl 9y agoIt did seem a bit low to me too considering how much other social networking apps are getting valued at. Reddit has been around for over 11 years. It's something to say about the loyalty of their community. Their ability to target advertisements towards specific subreddits could become a large source of revenue. Especially since advertisers can easily target those with those interests. I think it's different than facebook groups because subreddits are at the heart of the reddit ecosystem.
- swyx 9y agoit's monetization is even worse than twitter's (and that's saying something)
- chippy 9y agoReddit has a huge value I think which has not been mentioned - that companies, corporations, organisations use it to market and advertise themselves, for free. Sometimes they do that under the covers, so to speak, and some users don't like it (e.g. hailcorporate) but often they will promote their products transparently, and often normal users don't mind. The most obvious example is Netflix on /r/movies. Multiple employees were observed continuously posting things to the site, via submissions, comments etc and users liked it. By introducing a charge for these corporate users they can reap in a substantial income. Whether it would make sense for them to label these corp users as such is another option, but they certainly know about them. I find it interesting that most normal users find that they don't mind interacting with paid marketing employees and that they consider it organic and natural, very interesting. I also find it worrying.
- pharrlax 9y ago>that companies, corporations, organisations use it to market and advertise themselves, for free. Another phenomenon I've been seeing more of is a company that gets in early to a niche gaining control of the subreddit around that niche, tilting the scales in their favor. Two examples I can think of are /r/nootropics, whose mod team is led by the owner of nootropics supplier Ceretropic, and /r/amazonmerch, whose sole mod is the owner of MerchInformer, a SaaS Amazon Merch research product. They're each careful to never moderate in an overtly heavy-handed way that would cause a user revolt, but nonetheless, their companies are mentioned in the each subreddit far more often than their competitors. It's an inherent conflict of interest, and one that will only worsen as these niches grow in popularity.
- NoahTheDuke 9y agoVideo game subreddits have this happen a lot. A new game will hit the market, and the company will already have set up a subreddit with all of their staff in control. It's an "official" subreddit, but that means it's no better than any other official forums and lacks any ability to hold counter opinions.
- rorykoehler 9y agoThe Nintendo Switch campaign was unbearable.
- cdnsteve 9y agoCan't read anything on mobile, now forcing login or app use on users, no thanks
- ransom1538 9y agoOnline communities die within months. Reddit isn't worth anything. This is insane - this community can disappear. Look at Digg, myspace, friendster. One wrong TOS update all the users will rebel and look towards the next cheaply made forum. Disclosure: Worked in this space 10+ years.
- toxicFork 9y agoReddit has a lot of distinctly separate sub communities that grow, start new, and die out individually, and some which even hate others. So I think that helps to protect from "community death" effect. For the other websites you mentioned, they all feel like "one community" each.
- ransom1538 9y agoreally - myspace was one community? Forums don't have 'topics'? wtf. This is insane. This is nuts. Reddit wont be around in 4 years. It will be a total joke like all the other online communities.
- ricree 9y ago> Reddit wont be around in 4 years. Why not? It was around 4 years ago, and seems to be more or less as healthy today as it was then.
- exergy 9y agoWhy the vitriol? Forums are as close to being "cult-like" as it gets. They are effectively a subreddit in the form of a website. As to the claim of reddit dying within four years, lol! I'll take that bet.
- toxicFork 9y agoMySpace is a social network based on friends, yes it feels like one community. Forums have topics, reddit doesn't have topics, subreddits have topics.
- k2xl 9y ago
- alecco 9y agoIf reddit founders and investors make bank out of content generated for free, the content creators will get pissed off there's nothing for them. And they'll move on. YouTube is the only one I see who is really trying to make it work. Instagram worked it out by placed ads for the most popular models. And a key sin of all these sites is they think the content is theirs. It's not. Stop trying to regulate it to be what you want. It is what it is and you should be thankful, very thankful, they chose your site to host it. But this doesn't seem the case. The reddit admins in particular seems to hate a large part of their content-creating user base.
- notwedtm 9y agoSo Reddit is worth less than Minecraft? How does this work?
- goobynight 9y agoThink of how Reddit can monetise or has. Now think of all the revenue streams you get with the Minecraft intellectual property. Also, Minecraft's community is way less volatile. A glorified forum can die and become worthless real quick, if you don't play it right.
- threepipeproblm 9y agoMaybe an interesting time to point out a site I just ran across which is reddit-like, but (as far as I can figure) uses cryptocurrency to fund itself and pay contributors. Steemit "Your voice is worth something" https://steemit.com/ https://steemit.com/ Of all the supposed reddit-killers that have been put forward, this is notable because of the funding mechanism, and because everyone there seems so damn excited. However, a lot of the most popular articles seem to be about... Steemit itself.
- Medaber 9y agoReddit's brand is toxic. It's an echo chamber for Bernie Sanders supporters and people who hate healthy, fit people. I can't imagine it's a good investment, even though many people use it.
- redm 9y agoI'm considering that taking this funding at a very high valuation will force them to change Reddit in a way that results in its ultimate demise. What's wrong with a good stable community and business, as it is?
- sotojuan 9y agoReddit is a YC company. YC companies, like most high profile VC-backed startups, are supposed to own the world and be worth billions.
- Kequc 9y agoPlease explain to me in simple terms why a website property is worth so much. Keeping in mind this has remained a mystery to me ever since Facebook didn't sell for a million dollars an eon ago. Facebook's founder is today worth some ridiculous sum of money. Why is that? I'd have sold Facebook for a million dollars and then just made another website. What am I missing. YouTube sold for some amazing sum ages ago to Google, who has from my understanding still not turned a profit with it. Since I am clearly so out of touch please make the explanation easy to understand.
- joshua-t-loong 9y agoThe value of Facebook and Youtube is their amazing ability to reach huge potential audiences for advertisers as well as their ability (esp Facebook) to collect large sums of valuable personal information. Reddit being the fourth most visited website in the US has the potential for people and companies to reach huge audiences. I can see where people are stuck in the mentality that places like this are just "another website". But the point is now these places are reaching unprecedented scales on an order of magnitude higher than the traditional webpages of the late 90's early 2000's that they can be huge businesses themselves.
- bgnm2000 9y agoIt's simple, eyeballs, ads, and data. They can directly measure the value created through ads posted on those properties - and that scales up with the amount of potential ads. Then you have future value of the data being generated (personal habits, info on Facebook, watching patterns by demographic etc on YouTube). For Reddit, it's one of the biggest communities online (maybe the world?) - there are many ways to leverage and monetize that even if they haven't figured out all the optimal ways to do that yet, the perceived value is enough to convince investors in its future.
- rorykoehler 9y agoThey're not websites. They're social graphs and they are very powerful sources of information that can be used in too many ways to list. Facebook revenues alone are $8B per quarter. You'd sell that for $1M?
- Sir_Cmpwn 9y agoIf Reddit is still around in 10 years, I will eat my hat.
- heartbreak 9y agoGoogle is roughly 19 years old, right? In 10 years Reddit will be 22. That's a pretty high bar you're setting.
- Sir_Cmpwn 9y ago$1.7 billion dollars, with a B!
- Elect2 9y agoWhat's the point of the new "profile post"? What kind of content you are willing to post on your profile?
- lph 9y agoGood. Maybe they can finally afford to make their "Submit" button idempotent.
- runeks 9y agoI suggest Reddit spend the first $1,000 in funding to fix the official Reddit app, so it properly displays Reddit markdown: https://pbs.twimg.com/media/C_16loHXUAAaVlK.jpg:large https://pbs.twimg.com/media/C_16loHXUAAaVlK.jpg:large