4 ms·
I think they’re doing pretty well: https://www.reuters.com/article/us-reddit-funding/reddit-valued-at-3-billion-after-raising-300-million-in-latest-funding-rou
by zeeed 8y ago
I think they’re doing pretty well:
https://www.reuters.com/article/us-reddit-funding/reddit-valued-at-3-billion-after-raising-300-million-in-latest-funding-round-idUSKCN1Q020W https://www.reuters.com/article/us-reddit-funding/reddit-val...
Now that doesn’t mean they’ve found a good long term model yet. But if I had to choose between Reddit’s and Facebook’s app (not that the comparison would make a lot of sense) then I’d choose Reddit on all days of the week.
- screye 8y agoReddit has also been supportive of 3rd party apps and those are some of the best apps of Android overall... Let alone for Reddit.
- ashelmire 8y agoValuation has little to do with income; and in fact it means they have to live up to that valuation by getting more revenue and answer to more outside investors. I’m not sure how you thought this was a counterpoint?
- zeeed 8y agoI was talking about the funding, not the valuation. They are presumably looking for a way to sustain themselves, but I still don’t believe they’re “desperate for cash”