Reddit is raising a huge round near a $3B valuation

Re:Reddit is raising a huge round near a $3B valuation by superfrank on Tuesday February 05, 2019 @02:12PM (#19088660)

> I suspect they will be bigger than Facebook (maybe not in valuation, but usage) in the next 7 years and these problems will only be exacerbated.

I only agree with that in the sense that I think Facebook (the facebnook.com site) usage will decline quicker that Reddit usage. As someone who's been on Reddit for almost 9 years, I feel like the redesign is kind of equivalent to the timeline change that Facebook had. While it's not going to cause massive user drop off on it's own, it's kind of the thing that opened people's eyes to the fact that they are the product on Reddit. Every new complaint about Reddit will be, "First they did the redesign and now they are doing {insert new annoying thing}"

I think we'll see a gradual decline in Reddit usage for a while, but nothing major as there are no real competitors in the space that can handle anywhere near their scale. Once an actual competitor pops up though, all it's going to take is one or two missteps and people will start moving off Reddit.

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Re:Reddit is raising a huge round near a $3B valuation by ssnistfajen on Tuesday February 05, 2019 @02:28PM (#19088813)

I'd love to be surprised with a decent competitor but all of the Reddit spin-offs I've seen are all trying to be not-Reddit, and that often includes keeping the community niche/exclusive.

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Re:Reddit is raising a huge round near a $3B valuation by opportune on Tuesday February 05, 2019 @04:13PM (#19089880)

I think the killer app would be to keep the community somewhat exclusive but also have a great breadth of niche, expert content. There was a time when Reddit hit this sweet spot (although there were also very large subs that attracted the worst users).

One of the main issues with reddit is that a lot of niche interest subreddits are 90-99% non-practitioners or extreme amateurs, even when weighted in terms of contribution. For example there is no subreddit where you can actually learn very insightful things about programming or computer science or machine learning, same for biology/physics/astronomy/etc.

I would be ok with a not-reddit competitor that actually succeeded in being a better reddit. But the #1 thing they should avoid at all costs is taking VC money. You can't have a great community of experts that is also trying to maximize it's viewership, that's how you get Quora or Reddit

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Re:Reddit is raising a huge round near a $3B valuation by sqd on Tuesday February 05, 2019 @05:39PM (#19090743)

r/haskell has been much more helpful than StackOverflow for me.

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Re:Reddit is raising a huge round near a $3B valuation by henriquemaia on Tuesday February 05, 2019 @08:23PM (#19091840)

Previous comment says: "a lot of niche interest subreddits". Not "all of".

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Re:Reddit is raising a huge round near a $3B valuation by gamanoid on Tuesday February 05, 2019 @06:22PM (#19091136)

Out of curiosity have you heard of Tildes.net?

It's a non-profit site created by a former Reddit admin Deimorz (known for being the creator of /u/Automoderator, /r/SubredditSimulator...).

It's currently in closed alpha so the community is somewhat exclusive because of that; but if you wanted a HN+reddit hybrid, then it might be worth checking out.

sub: /r/Tildes source: https://gitlab.com/tildes

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Re:Reddit is raising a huge round near a $3B valuation by ssnistfajen on Tuesday February 05, 2019 @06:27PM (#19091177)

I already have a Tildes account. It's not really active so I haven't checked it out very often. They are very careful about community growth so I don't see how it will become a competitor to Reddit, as least not in terms of business value.

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Re:Reddit is raising a huge round near a $3B valuation by superfrank on Tuesday February 05, 2019 @03:20PM (#19089388)

I think we'll see something eventually. There's too much money there and there isn't much of reddit that isn't copyable.

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Re:Reddit is raising a huge round near a $3B valuation by jedberg on Tuesday February 05, 2019 @04:21PM (#19089950)

I think 100 million users is harder to copy than you think.

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Re:Reddit is raising a huge round near a $3B valuation by rootusrootus on Tuesday February 05, 2019 @06:05PM (#19091003)

Exactly. I could go download the source code (or at least something like it, I'm not sure how much the github repo matches what is in production), and plenty of sites exist which have done this, but without the users it is meaningless.

If you really want an alternative, convince Musk to do it (or bless yours) and tweet it out. Even then I bet it would take years to match Reddit, and it may or may not ever actually exceed it.

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Re:Reddit is raising a huge round near a $3B valuation by pizzazzaro on Thursday February 07, 2019 @01:00PM (#19106951)

raddle.me - free speech-minded actual leftists allow a clone of r/The_Donald on their site.

Voat? Yeah, they're kinda gross...

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