4 ms·

Reddit just raised a new round that values the company at $1.8B

22 points by gpark3 9y ago

stygiansonic 9y ago
Source article: https://www.recode.net/2017/7/31/16037126/reddit-funding-200-million-valuation-steve-huffman-alexis-ohanian https://www.recode.net/2017/7/31/16037126/reddit-funding-200...
akulbe 9y ago
Call me crazy, but I'm not sure what makes Reddit valuable, at all. It's obviously popular... but valuable? How? Why? For what?
- tootie 9y ago
  Ads. What's Twitter for?
  - synicalx 9y ago
    Communicating outage notifications?
- make3 9y ago
  are you kidding. so many views, with information on the users, à la facebook. this allows them to serve custom ads, if they decide that it wouldn't halienate their readers too much.
  - akulbe 9y ago
    I guess you haven't heard that folks don't like ads? and that big names have been cancelling them, because they're not as effective as folks first thought? There's more to compel a person to go to Facebook than there is to Reddit. Many Reddit threads are more snark than real conversation. <shrug>
    - zaqokm321 9y ago
      > I guess you haven't heard that folks don't like ads? Nope they don't and Reddit hasn't really been heavily focused on ads. But they do have a large user base, very focused topics etc etc. So setting up say a /r/games_of_thrones page, if I was HBO could be very lucrative or marketing my products to the subscribers. > There's more to compel a person to go to Facebook than there is to Reddit. Reddit has somewhere north of 200 million users, that is a large audience to ignore. So yes FB maybe king but Reddit has its place. A valuation of $10 a user I would stay is quite low.
  - akulbe 9y ago
    This is the article I was thinking of: https://www.wsj.com/articles/p-g-cuts-more-than-100-million-in-largely-ineffective-digital-ads-1501191104 https://www.wsj.com/articles/p-g-cuts-more-than-100-million-... $100M is a big deal.
dang 9y ago
https://news.ycombinator.com/item?id=14893846 https://news.ycombinator.com/item?id=14893846
junkculture 9y ago
How are they going to sanitize that place? Get their users to upload a government issued id?

22 points by gpark3 9y ago

Source article: https://www.recode.net/2017/7/31/16037126/reddit-funding-200-million-valuation-steve-huffman-alexis-ohanian https://www.recode.net/2017/7/31/16037126/reddit-funding-200...

akulbe 9y ago

Call me crazy, but I'm not sure what makes Reddit valuable, at all. It's obviously popular... but valuable? How? Why? For what?

tootie 9y ago
Ads. What's Twitter for?
- synicalx 9y ago
  Communicating outage notifications?
make3 9y ago
are you kidding. so many views, with information on the users, à la facebook. this allows them to serve custom ads, if they decide that it wouldn't halienate their readers too much.
- akulbe 9y ago
  I guess you haven't heard that folks don't like ads? and that big names have been cancelling them, because they're not as effective as folks first thought? There's more to compel a person to go to Facebook than there is to Reddit. Many Reddit threads are more snark than real conversation. <shrug>
  - zaqokm321 9y ago
    > I guess you haven't heard that folks don't like ads? Nope they don't and Reddit hasn't really been heavily focused on ads. But they do have a large user base, very focused topics etc etc. So setting up say a /r/games_of_thrones page, if I was HBO could be very lucrative or marketing my products to the subscribers. > There's more to compel a person to go to Facebook than there is to Reddit. Reddit has somewhere north of 200 million users, that is a large audience to ignore. So yes FB maybe king but Reddit has its place. A valuation of $10 a user I would stay is quite low.
- akulbe 9y ago
  This is the article I was thinking of: https://www.wsj.com/articles/p-g-cuts-more-than-100-million-in-largely-ineffective-digital-ads-1501191104 https://www.wsj.com/articles/p-g-cuts-more-than-100-million-... $100M is a big deal.

dang 9y ago

https://news.ycombinator.com/item?id=14893846 https://news.ycombinator.com/item?id=14893846

junkculture 9y ago

How are they going to sanitize that place? Get their users to upload a government issued id?