Yeah this is probably pretty low down the list of things on reddit I would care about. Honestly what is their plan with various different things they keep implementing recently. Just seem to be...
Yeah this is probably pretty low down the list of things on reddit I would care about. Honestly what is their plan with various different things they keep implementing recently. Just seem to be kinda haphazardly trying things and hoping something really works and gains traction.
Honestly any time not spent overengineering their website with piles of overlays and crufty bullshit is probably a net benefit for the site. Sure we’d prefer it if they could both not waste time...
Honestly any time not spent overengineering their website with piles of overlays and crufty bullshit is probably a net benefit for the site.
Sure we’d prefer it if they could both not waste time AND refrain from making their website a usability nightmare, but that seems like a pretty pie-in-the-sky goal.
That said, this might not be a terrible idea. Streaming is “so hot right now” and Reddit has a built in audience to capture them. Half the major streamers have basically outsourced their community stuff to Reddit anyway.
But stuff like this comes down to execution and there are serious reasons to doubt as to whether Reddit can execute on something like this decently when they already are so bad at moderation and just making rich multimedia work with their site at a base level. Let’s not even get into whether they’d be better than Microsoft or Twitch can do on this stuff.
If I was CEO, I’d focus effort into better mod tools and actual community management, but it’s possible the company just doesn’t have it in their DNA to execute on that either.
This is the only thought I can come up with on the matter. They still haven't figured out how to monetize the site properly and are throwing everything they can think of at the wall and seeing...
This is the only thought I can come up with on the matter. They still haven't figured out how to monetize the site properly and are throwing everything they can think of at the wall and seeing what sticks.
What's the over/under on how long it'll be before watch.reddit.com is used to livestream a mass shooting? Most likely from someone in the Trump or incel cesspits.
What's the over/under on how long it'll be before watch.reddit.com is used to livestream a mass shooting? Most likely from someone in the Trump or incel cesspits.
They launched the subreddit chat feature with basically no options for moderators to really moderate the conversation so I don't have high expectations for their livestream content moderation.
They launched the subreddit chat feature with basically no options for moderators to really moderate the conversation so I don't have high expectations for their livestream content moderation.
It's like they never learn. The best thing for reddit is to go full open-source and to go full donation-supported like Wikipedia and become a foundation whose mission is to aggregate all...
It's like they never learn. The best thing for reddit is to go full open-source and to go full donation-supported like Wikipedia and become a foundation whose mission is to aggregate all communities on Earth. That would be a far more noble mission than trying random bullshit to please investors.
The right time to make that decision would be somewhere between first taking Y Combinator’s money in 2005 and selling out to Conde Nast in 2006. Once you sell control of your company to investors...
The right time to make that decision would be somewhere between first taking Y Combinator’s money in 2005 and selling out to Conde Nast in 2006. Once you sell control of your company to investors or buyers, your noble cause will forever be profit. You speak as if this is something reddit could have done any time in the last decade, but it isn’t.
They can’t choose not to please investors, then those same investors will simply have them replaced. Reddit was a company started by a couple of recent college grads and they sold control of their company within 2 years of founding it. Whatever lessons were learned since then, neither the original founders who are no longer with reddit nor any of their successors had a choice. I mean, they personally could choose to leave, but that would just leave some other shmuck in charge working under the same restrictions.
The idea to build reddit was given to Steve and Alexis by the venture capitalist (Paul Graham) who was giving them the original money to work on it. It's literally never been out from under...
The idea to build reddit was given to Steve and Alexis by the venture capitalist (Paul Graham) who was giving them the original money to work on it. It's literally never been out from under investor control.
Y Combinator only provides seed money in exchange for a small stake in their companies (the deal they offer today is for around 7% - I don’t know if it was different back then but I doubt it was...
Y Combinator only provides seed money in exchange for a small stake in their companies (the deal they offer today is for around 7% - I don’t know if it was different back then but I doubt it was anywhere close to 30, never mind more than 50%; their whole business model is they only win if there are multiple subsequent rounds of capital raising or a big buyout). As long as you maintain an overwhelming majority stake in your company, you can still overrule investors on most issues.
Paul Graham didn’t own or control reddit when it launched. At least not legally speaking.
Oh, I know. Using "control" was a bad wording choice. But what I mean is that it's not like reddit was some dream of Steve and Alexis's that they wanted to build because they were passionate about...
Oh, I know. Using "control" was a bad wording choice. But what I mean is that it's not like reddit was some dream of Steve and Alexis's that they wanted to build because they were passionate about online communities. They wanted to build a mobile food-ordering thing.
My point was more that, from the moment of reddit's creation, it's always just been based around the interests of investors and desire for profit. The site only exists because it's what an investor told them to build to get his money. There was never a point where they would have converted it to a non-profit or done anything else that shifted the path away from the usual tech startup one, because that's always been the goal.
It's not a coincidence that they've taken a massive amount of VC money after Steve came back as CEO. They gave him the opportunity to sell the same site twice, and he's taking it.
Huh, from the way all the admins were circlejerking in the initial /r/pan threads, I assumed that this must be some kind of leftover April Fools joke that they just decided to do for fun anyway,...
Huh, from the way all the admins were circlejerking in the initial /r/pan threads, I assumed that this must be some kind of leftover April Fools joke that they just decided to do for fun anyway, but from all the screenshots it looks like a real feature. I guess they just announce features through shitposting now.
I really can't come up with any way that this is a good idea. Reddit already has so much trouble dealing with issues on the site, and now they're going to add live video streams to that? Their video hosting, image hosting, and chat still all don't work very well, and this combines some of those and makes it even more difficult.
I want to know how much money Reddit has invested in developing and hosting all these media items (images, videos, and soon livestreams) instead of just relying upon third-party services such as...
I want to know how much money Reddit has invested in developing and hosting all these media items (images, videos, and soon livestreams) instead of just relying upon third-party services such as imgur, YouTube, and Twitch + Facebook Live. I know they want to "keep users on Reddit" but everything is displayed as embedded content on the redesign so what difference does it even make?
Ironically every feature they add seems like it would be perfect to bolster the porn side of reddit which they are consistently trying to keep neutral or suppress.
Ironically every feature they add seems like it would be perfect to bolster the porn side of reddit which they are consistently trying to keep neutral or suppress.
https://www.crunchbase.com/organization/reddit/funding_rounds/funding_rounds_list Their most recent round, in February, raised $300 million. The lead investor in that round was Tencent Holdings:
Their most recent round, in February, raised $300 million. The lead investor in that round was Tencent Holdings:
As of March 2018, Tencent is the largest video game company in the world. Tencent wholly or partially owns game companies Grinding Gear Games (80%), Miniclip (undisclosed majority stake), Riot Games (100%) Glu Mobile (14.46%), Epic Games (40%), Activision Blizzard (5%), Ubisoft (5%), Paradox Interactive (5%), and Supercell (84.3%).
Yeah this is probably pretty low down the list of things on reddit I would care about. Honestly what is their plan with various different things they keep implementing recently. Just seem to be kinda haphazardly trying things and hoping something really works and gains traction.
Honestly any time not spent overengineering their website with piles of overlays and crufty bullshit is probably a net benefit for the site.
Sure we’d prefer it if they could both not waste time AND refrain from making their website a usability nightmare, but that seems like a pretty pie-in-the-sky goal.
That said, this might not be a terrible idea. Streaming is “so hot right now” and Reddit has a built in audience to capture them. Half the major streamers have basically outsourced their community stuff to Reddit anyway.
But stuff like this comes down to execution and there are serious reasons to doubt as to whether Reddit can execute on something like this decently when they already are so bad at moderation and just making rich multimedia work with their site at a base level. Let’s not even get into whether they’d be better than Microsoft or Twitch can do on this stuff.
If I was CEO, I’d focus effort into better mod tools and actual community management, but it’s possible the company just doesn’t have it in their DNA to execute on that either.
Honestly, it took everything in me to not top-post "Today from the 'Reddit execs still have no idea how to monetize their audience desk...".
This is the only thought I can come up with on the matter. They still haven't figured out how to monetize the site properly and are throwing everything they can think of at the wall and seeing what sticks.
What's the over/under on how long it'll be before watch.reddit.com is used to livestream a mass shooting? Most likely from someone in the Trump or incel cesspits.
They launched the subreddit chat feature with basically no options for moderators to really moderate the conversation so I don't have high expectations for their livestream content moderation.
It's like they never learn. The best thing for reddit is to go full open-source and to go full donation-supported like Wikipedia and become a foundation whose mission is to aggregate all communities on Earth. That would be a far more noble mission than trying random bullshit to please investors.
The right time to make that decision would be somewhere between first taking Y Combinator’s money in 2005 and selling out to Conde Nast in 2006. Once you sell control of your company to investors or buyers, your noble cause will forever be profit. You speak as if this is something reddit could have done any time in the last decade, but it isn’t.
They can’t choose not to please investors, then those same investors will simply have them replaced. Reddit was a company started by a couple of recent college grads and they sold control of their company within 2 years of founding it. Whatever lessons were learned since then, neither the original founders who are no longer with reddit nor any of their successors had a choice. I mean, they personally could choose to leave, but that would just leave some other shmuck in charge working under the same restrictions.
The idea to build reddit was given to Steve and Alexis by the venture capitalist (Paul Graham) who was giving them the original money to work on it. It's literally never been out from under investor control.
Y Combinator only provides seed money in exchange for a small stake in their companies (the deal they offer today is for around 7% - I don’t know if it was different back then but I doubt it was anywhere close to 30, never mind more than 50%; their whole business model is they only win if there are multiple subsequent rounds of capital raising or a big buyout). As long as you maintain an overwhelming majority stake in your company, you can still overrule investors on most issues.
Paul Graham didn’t own or control reddit when it launched. At least not legally speaking.
Oh, I know. Using "control" was a bad wording choice. But what I mean is that it's not like reddit was some dream of Steve and Alexis's that they wanted to build because they were passionate about online communities. They wanted to build a mobile food-ordering thing.
My point was more that, from the moment of reddit's creation, it's always just been based around the interests of investors and desire for profit. The site only exists because it's what an investor told them to build to get his money. There was never a point where they would have converted it to a non-profit or done anything else that shifted the path away from the usual tech startup one, because that's always been the goal.
It's not a coincidence that they've taken a massive amount of VC money after Steve came back as CEO. They gave him the opportunity to sell the same site twice, and he's taking it.
Huh, from the way all the admins were circlejerking in the initial /r/pan threads, I assumed that this must be some kind of leftover April Fools joke that they just decided to do for fun anyway, but from all the screenshots it looks like a real feature. I guess they just announce features through shitposting now.
I really can't come up with any way that this is a good idea. Reddit already has so much trouble dealing with issues on the site, and now they're going to add live video streams to that? Their video hosting, image hosting, and chat still all don't work very well, and this combines some of those and makes it even more difficult.
Yet another example of them just trying to do whatever all the other popular sites are doing, even if it makes no sense.
I want to know how much money Reddit has invested in developing and hosting all these media items (images, videos, and soon livestreams) instead of just relying upon third-party services such as imgur, YouTube, and Twitch + Facebook Live. I know they want to "keep users on Reddit" but everything is displayed as embedded content on the redesign so what difference does it even make?
Ironically every feature they add seems like it would be perfect to bolster the porn side of reddit which they are consistently trying to keep neutral or suppress.
It would be difficult to harm the porn side by adding features, though.
Yeah, they've been specifically excluding NSFW subreddits from almost all new features lately. I wrote a little about that the other day here: https://tildes.net/~tech/gk7/verizon_to_sell_tumblr_to_wordpress_owner_automattic#comment-3ri2
Reddit's image servers are total shit, I doubt their livestream servers will be any better.
Where did they get the money to start this project?
https://www.crunchbase.com/organization/reddit/funding_rounds/funding_rounds_list
Their most recent round, in February, raised $300 million. The lead investor in that round was Tencent Holdings:
Yeah, and that's on top of the $200 million they raised only a year and a half before that (July 2017).
I was really hoping it would be a YouTube alternative, seems like there are so many live-streaming services already.