News for hackers. Stuff that matters.
Re:Reddit raises $410M in new funding by Clewza313 on Thursday August 12, 2021 @09:36PM (#28164268)
But that's precisely the question: why are they hiring?
Re:Reddit raises $410M in new funding by koolba on Thursday August 12, 2021 @09:56PM (#28164404)
So they can raise more VC. Seriously, what part of this don’t you understand?
Re:Reddit raises $410M in new funding by umvi on Thursday August 12, 2021 @10:26PM (#28164641)
Sort of reminds me of this girl I see on Facebook. She is an "entrepreneur". Her business? Helping other people start their own businesses! Yes, but what kind of business is she helping them start? Same as her own business - paid training sessions on how to start a business!
Re:Reddit raises $410M in new funding by dlandis on Thursday August 12, 2021 @11:13PM (#28164979)
Yeah, I know someone who did the exact same thing. I guess it's similar to a pyramid scheme in that the more people you "coach" or "mentor", the bigger your personal brand will get and the more opportunities you will get.
Re:Reddit raises $410M in new funding by soluproj on Thursday August 12, 2021 @10:50PM (#28164831)
How to start a business starting businesses that start businesses, you say?
Re:Reddit raises $410M in new funding by sb057 on Thursday August 12, 2021 @11:18PM (#28165011)
Sounds like a rather cannibalistic model if you ask me.
Re:Reddit raises $410M in new funding by Seattle3503 on Thursday August 12, 2021 @11:15PM (#28164993)
Because VC loves giving money to companies with no real plan.
Re:Reddit raises $410M in new funding by ultimoo on Thursday August 12, 2021 @10:21PM (#28164590)
indeed the virtuous cycle of our times
Re:Reddit raises $410M in new funding by gogopuppygogo on Thursday August 12, 2021 @09:57PM (#28164406)
To lose money gaining market share so they can eventually sell ads to those eyeballs.

I still use old Reddit. If they get rid of old Reddit I’ll never go back.

I wish Kevin Rose had managed to keep Digg a competitor.

Re:Reddit raises $410M in new funding by Seattle3503 on Thursday August 12, 2021 @11:16PM (#28165001)
It is already bit rotting. There are some pages that return 500 errors on the old site but work in mobile.
Re:Reddit raises $410M in new funding by RosanaAnaDana on Thursday August 12, 2021 @10:13PM (#28164525)
I think this is hilarious because reddit is so obviously dead on the vine to me. I can't wait for reddit to give me even the remotest reason to delete my account. ngl, been pretty close to deleted it since they hid the nsfw, was practically the only thing of value the site had left.
Re:Reddit raises $410M in new funding by tech_tuna on Friday August 13, 2021 @12:05PM (#28170707)
I interviewed there. . . they are looking to monetize reddit more/better i.e. actually make some cash.

I am the hugest fan of reddit. . . it will be interesting to see if they can increase revenue without impacting the user experience negatively.

Re:Reddit raises $410M in new funding by Uhhrrr on Thursday August 12, 2021 @10:34PM (#28164690)
One would hope for them that it's so they can fix ads to monetize adequately.