5 ms·

As of last year, Reddit is (was?) the 3rd-most popular site in the US, surpassing Facebook. https://wersm.com/sorry-facebook-reddit-is-now-the-third-most-popul

• dredmorbius 7y ago
  By users and visits, yes. By revenues and valuation, no. Users and visits pose little loss risk. Revenues do. https://www.feedough.com/reddit-make-money-reddit-business-model/ https://www.feedough.com/reddit-make-money-reddit-business-m... 2019 Revenues: ~$100 million. https://marketingland.com/reddit-us-ad-revenues-could-top-100m-this-year-amid-added-focus-on-ad-products-258969 https://marketingland.com/reddit-us-ad-revenues-could-top-10... FB 2018 revenues: $55 billion.
  • 9nGQluzmnq3M 7y ago
    Your original post was about a trend of users moving to private communities. I don't see why revenues and valuation matter for this?
    • dredmorbius 7y ago
      No, my original comment was about major providers shifting to non-public channels. G+, or its G-Suite successors, still exists, but as closed networks. Similarly Yahoo Groups. In looking at G+ Community size, open vs. closed participation was a huge factor in membership. Simply open vs. closed (mod approved) membership had a substantial impact: https://social.antefriguserat.de/index.php/Migrating_Google%2B_Communities#Google.2B_Community_Characteristics_and_Membership https://social.antefriguserat.de/index.php/Migrating_Google%...
      • 9nGQluzmnq3M 7y ago
        So you're arguing that Reddit is not a "major provider", but G+ is/was...?
        • dredmorbius 7y ago
          Yes. As I'd hoped I'd been sufficiently clear on.