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Reddit has a lack of machine learning and infra investment to justify any sort of high IPO price, so their management hired ex Meta and Twitter employees and tr

Reddit has a lack of machine learning and infra investment to justify any sort of high IPO price, so their management hired ex Meta and Twitter employees and trying to figure out how to make more of what they have so they can go back to Wall Street with a stronger message during these stricter economic times where money is not raining from the sky like a few years ago. If Wall Street was smart they would wonder why invest in a platform that has barely evolved the format of discussion from threads and message board posts even though they had 18 years to do it. They should also consider the fact that conditions are ripe for disruption. Overall investing in Reddit right now as both an investor and a user seems very dangerous.

nvrgngvup 3y ago
IMO, Reddit is valuable. It has the necessary scale in terms of footfall or eyeballs [whatever metric is appropriate]. Where they have failed is to evolve and deliver on customer promises. Not having sufficient mod tools, suboptimal experience on official apps are just few issues that get the majority of limelight. Inability to build enterprise products or tiered data API for businesses and education are also missing, that they could have leveraged.
- rchaud 3y ago
  If eyeballs were that important advertisers would be banging down their doors to place ads. Reddit's problem is that it's full of anonymous people that are hard to reach with targeted advertising.
  - nvrgngvup 3y ago
    It’s true that users are anonymous to others, but Reddit still has treasure trove of data on what likes, dislikes, political leaning and in some cases current emotional state/wellbeing of individual users. Unless they are stating that they can’t process this data, they surely should have enough knowledge to do targeted ads. Most likely scenario is that they have not invested enough on RnD and BD.
mrits 3y ago
I would say it has devolved. It is unusable to me without using old.*.
- trollied 3y ago
  unfortunately you’re not their target user/customer. Many people, that aren’t the HN crowd, are happy with swiping over loads of vids/photos in the app, happily generating advertising revenue. That’s where the money is now. Pivot the younger userbase to be some sort of TikTok clone etc. That is their aim. Get the advertising CPM.
  - mrits 3y ago
    TikTok has a good interface that is highly addicting. Reddit does not

nvrgngvup 3y ago

IMO, Reddit is valuable. It has the necessary scale in terms of footfall or eyeballs [whatever metric is appropriate]. Where they have failed is to evolve and deliver on customer promises. Not having sufficient mod tools, suboptimal experience on official apps are just few issues that get the majority of limelight. Inability to build enterprise products or tiered data API for businesses and education are also missing, that they could have leveraged.

rchaud 3y ago
If eyeballs were that important advertisers would be banging down their doors to place ads. Reddit's problem is that it's full of anonymous people that are hard to reach with targeted advertising.
- nvrgngvup 3y ago
  It’s true that users are anonymous to others, but Reddit still has treasure trove of data on what likes, dislikes, political leaning and in some cases current emotional state/wellbeing of individual users. Unless they are stating that they can’t process this data, they surely should have enough knowledge to do targeted ads. Most likely scenario is that they have not invested enough on RnD and BD.

mrits 3y ago

I would say it has devolved. It is unusable to me without using old.*.

trollied 3y ago
unfortunately you’re not their target user/customer. Many people, that aren’t the HN crowd, are happy with swiping over loads of vids/photos in the app, happily generating advertising revenue. That’s where the money is now. Pivot the younger userbase to be some sort of TikTok clone etc. That is their aim. Get the advertising CPM.
- mrits 3y ago
  TikTok has a good interface that is highly addicting. Reddit does not