r/dankmemes • u/0teem1x r/Dankmemes enjoyer • Aug 15 '21

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u/st6374 Aug 15 '21

I thought I read Reddit was valued around at $8bn. Maybe they were talking in Zimbabwean $$. Cause the video loading system, the volunteer mods, admin hiring process, and these constant crashes definitely doesn't give the feel of a multi billion $$ enterprise.

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u/vonmonologue Aug 15 '21

Yeah like at least facebook functions properly.

The things it does are shitty, but it does them well.

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u/NRMusicProject Aug 15 '21

Well, their video player is worse than Reddit in my opinion, but to their credit, it's done on purpose.

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u/Willy_wonks_man Aug 15 '21

Hmm, and what exactly makes you think it isn't on purpose in regards to Reddit?

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u/NRMusicProject Aug 15 '21

Well, I got nothin. Well played.

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u/JBits001 Aug 15 '21

I like how this comment thread just petered out.

BTW, what’s the reason for Facebook doing that with their videos (potentially Reddit’s reason as well)?

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u/gillgar Aug 15 '21

I’d wager to keep you watching. I count count how many times i wanted to watch a video and watch ended up spending 30 minutes watching of bs videos

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u/JBits001 Aug 15 '21

Ahh okay, that makes sense. I haven’t been on Facebook I’m really long time and when I was on it I don’t even remember them having a video player.

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u/mostmisanthropist Aug 15 '21

it's all we ask. be shitty to us, but do it well

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u/scoopzthepoopz Aug 15 '21

There's probably a tradeoff there....

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u/MuntedMunyak Aug 15 '21

Why do you think it’s multi billion? They gotta keep the ceo happy.

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u/ANewRedditName Aug 15 '21

Latest valuation is $10bn. Honestly I don't know how. The tech could be better like you mentioned but I'd also hazzard a guess the revenue isn't that high. They run minimal ads and I can't see reddit gold or the likes contributing that much. But hey, maybe I'm wrong.

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u/Sinfall69 Aug 15 '21

Reddit valuation has more to do with daily site visitors, number of users and user growth. They haven't started to hardcore monetize reddit yet...

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u/READMEtxt_ Aug 15 '21

It's not a bn$ enterprise it's a high traffic website with lots of ads

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u/[deleted] Aug 15 '21

Why would they fix all of that when people don't give a shit?

Well, they do. Of course they do. But not enough to stop using Reddit, and that's what matters to them.

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u/missingmytowel Aug 15 '21

TFW you realize that user / customer experience and opinions have little to do with the value of a company.

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u/Embarrassed_Ad_1072 Aug 15 '21

Its a multi billion dollar enterprise because like any other social media, its used to manipulate people and advertise.

The platform doesnt benefit the users. Reddit has done a good job at sowing division and spreading disinformation on both ends of the political spectrum.