Current Events > Reddit is now valued at $1.7 billion

Topic List	Page List: 1
The Admiral 06/19/17 2:25:03 PM #1:	https://www.bloomberg.com/news/articles/2017-06-17/reddit-said-to-be-raising-funds-valuing-startup-at-1-7-billion Reddit is one of the few relics of the mid-2000s internet that has not only survived but thrived in recent years. Now venture capitalists are giving a major boost to the link-sharing website, with funding that will give the company a valuation of about $1.7 billion, two people familiar with the matter said. In recent weeks, Reddit Inc. was looking for investments totaling about $150 million, said one of the people, who asked not to be identified because the terms are private. A spokeswoman for Reddit said no funding had been finalized, declining to comment further. Steve Huffman and Alexis Ohanian founded Reddit in 2005 as students at the University of Virgina. They joined Silicon Valley business incubator Y Combinator and sold the startup to magazine publisher Conde Nast the next year. It attracted a devoted audience posting links to news, images and video, which fellow users vote on to rank their importance. It’s been the birthplace of countless online memes but has also drawn criticism for hosting racist, sexist and anonymous rants. Despite the site’s popularity, Reddit has struggled to find a sustainable business model. Conde Nast spun the site off in 2011 while retaining a stake. Reddit spent the next few years with a rotating cast of chief executive officers, including Ellen Pao, who served as interim CEO amid a gender discrimination lawsuit against her former employer, Kleiner Perkins Caufield & Byers, which she lost. Pao’s efforts to reduce harassment were unpopular among some of the site’s loyalists, as was the dismissal of well-liked moderator. Impressive. --- - The Admiral <cite>The Admiral posted [p:881413625] in Reddit is ... [t:75479299]...</cite> <quote>https://www.bloomberg.com/news/articles/2017-06-17/reddit-said-to-be-raising-funds-valuing-startup-at-1-7-billion <quote>Reddit is one of the few relics of the mid-2000s internet that has not only survived but thrived in recent years. Now venture capitalists are giving a major boost to the link-sharing website, with funding that will give the company a valuation of about $1.7 billion, two people familiar with the matter said. In recent weeks, Reddit Inc. was looking for investments totaling about $150 million, said one of the people, who asked not to be identified because the terms are private. A spokeswoman for Reddit said no funding had been finalized, declining to comment further. Steve Huffman and Alexis Ohanian founded Reddit in 2005 as students at the University of Virgina. They joined Silicon Valley business incubator Y Combinator and sold the startup to magazine publisher Conde Nast the next year. It attracted a devoted audience posting links to news, images and video, which fellow users vote on to rank their importance. It’s been the birthplace of countless online memes but has also drawn criticism for hosting racist, sexist and anonymous rants. Despite the site’s popularity, Reddit has struggled to find a sustainable business model. Conde Nast spun the site off in 2011 while retaining a stake. Reddit spent the next few years with a rotating cast of chief executive officers, including Ellen Pao, who served as interim CEO amid a gender discrimination lawsuit against her former employer, Kleiner Perkins Caufield & Byers, which she lost. Pao’s efforts to reduce harassment were unpopular among some of the site’s loyalists, as was the dismissal of well-liked moderator.</quote> Impressive.</quote> ... Copied to Clipboard!
CrimsonAngeI 06/19/17 2:25:45 PM #2:	Sell, sell, sell! --- https://i.imgtc.com/MEH27cg.png <cite>CrimsonAngeI posted [p:881413675] in Reddit is ... [t:75479299]...</cite> <quote>Sell, sell, sell!</quote> ... Copied to Clipboard!
Clad 06/19/17 2:26:22 PM #3:	Apple has over $200 billion in cash --- "Conservatives are Nazi's." - scoobydoobydont "I just looked and amazon.com doesnt sell sex" - Complete_Idi0t <cite>Clad posted [p:881413713] in Reddit is ... [t:75479299]...</cite> <quote>Apple has over $200 billion in cash</quote> ... Copied to Clipboard!
Damn_Underscore 06/19/17 2:26:28 PM #4:	wut, how is that possible what actual value does reddit have --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:881413717] in Reddit is ... [t:75479299]...</cite> <quote>wut, how is that possible what actual value does reddit have</quote> ... Copied to Clipboard!
PIITB415 06/19/17 2:27:15 PM #5:	Damn_Underscore posted... wut, how is that possible what actual value does reddit have Ask the same about CE --- http://i.imgur.com/VawbBVM.gif http://i.imgur.com/6Si4h.gif <cite>PIITB415 posted [p:881413780] in Reddit is ... [t:75479299]...</cite> <quote><cite>Damn_Underscore posted...</cite> <quote>wut, how is that possible what actual value does reddit have</quote> Ask the same about CE</quote> ... Copied to Clipboard!
kirbymuncher 06/19/17 2:27:36 PM #6:	when it comes to discussion boards / forum-esque places, reddit essentially is the entire internet surprised their value isn't higher tbh --- THIS IS WHAT I HATE A BOUT EVREY WEBSITE!! THERES SO MUCH PEOPLE READING AND POSTING STUIPED STUFF <cite>kirbymuncher posted [p:881413801] in Reddit is ... [t:75479299]...</cite> <quote>when it comes to discussion boards / forum-esque places, reddit essentially is the entire internet surprised their value isn't higher tbh</quote> ... Copied to Clipboard!
PoopPotato 06/19/17 2:27:44 PM #7:	Ad revenue --- http://i.minus.com/i5EWBMXTN4ERv.gif <cite>PoopPotato posted [p:881413809] in Reddit is ... [t:75479299]...</cite> <quote>Ad revenue</quote> ... Copied to Clipboard!
Giant_Aspirin 06/19/17 2:28:20 PM #8:	Damn_Underscore posted... wut, how is that possible the free market deemed it so --- Now Playing: Persona 5 (PS4), The Old Blood (PC) *(~);} - Get out the pans, don't just stand there dreamin' - {;(~)* <cite>Giant_Aspirin posted [p:881413852] in Reddit is ... [t:75479299]...</cite> <quote><cite>Damn_Underscore posted...</cite> <quote>wut, how is that possible</quote> the free market deemed it so</quote> ... Copied to Clipboard!
CobraShuttle 06/19/17 2:32:08 PM #9:	Source of memes. Lol! That's where they go to die right before the last stop at CE. --- \|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\| \|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\| <cite>CobraShuttle posted [p:881414082] in Reddit is ... [t:75479299]...</cite> <quote>Source of memes. Lol! That's where they go to die right before the last stop at CE.</quote> ... Copied to Clipboard!
ItsVinceRusso 06/19/17 2:33:11 PM #10:	The Admiral posted... Reddit is one of the relics of the mid-2000s internet ??? --- http://www.wrestlereaction.net/wp-content/uploads/Vince-Russo-3.png <cite>ItsVinceRusso posted [p:881414140] in Reddit is ... [t:75479299]...</cite> <quote><cite>The Admiral posted...</cite> <quote>Reddit is one of the relics of the mid-2000s internet</quote> ???</quote> ... Copied to Clipboard!
P4wn4g3 06/19/17 2:33:23 PM #11:	Is that more than GameFAQs? --- Hive Mind of Dark Aether, the unofficial Metroid Social Private board. https://www.gamefaqs.com/boards/851-dark-aether <cite>P4wn4g3 posted [p:881414160] in Reddit is ... [t:75479299]...</cite> <quote>Is that more than GameFAQs?</quote> ... Copied to Clipboard!
MC_BatCommander 06/19/17 2:34:10 PM #12:	ItsVinceRusso posted... The Admiral posted... Reddit is one of the relics of the mid-2000s internet ??? did you try reading the rest of that sentence --- The Legend is True! <cite>MC_BatCommander posted [p:881414205] in Reddit is ... [t:75479299]...</cite> <quote><cite>ItsVinceRusso posted...</cite> <quote><cite>The Admiral posted...</cite> <quote>Reddit is one of the relics of the mid-2000s internet</quote> ???</quote> did you try reading the rest of that sentence</quote> ... Copied to Clipboard!
Itachi157 06/19/17 2:37:25 PM #13:	CE must be a couple billion then at least <cite>Itachi157 posted [p:881414424] in Reddit is ... [t:75479299]...</cite> <quote>CE must be a couple billion then at least</quote> ... Copied to Clipboard!
CrimsonAngeI 06/19/17 2:39:22 PM #14:	P4wn4g3 posted... Is that more than GameFAQs? You could probably buy CE in foodstamps --- https://i.imgtc.com/MEH27cg.png <cite>CrimsonAngeI posted [p:881414537] in Reddit is ... [t:75479299]...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote>Is that more than GameFAQs?</quote> You could probably buy CE in foodstamps</quote> ... Copied to Clipboard!
#15	Post #15 was unavailable or deleted.
ItsVinceRusso 06/19/17 2:47:06 PM #16:	MC_BatCommander posted... ItsVinceRusso posted... The Admiral posted... Reddit is one of the relics of the mid-2000s internet ??? did you try reading the rest of that sentence i just don't think of reddit as a "mid-2000s relic". it existed in the 2000s, but never really took off until the early part of this decade. GOATTHlEF posted... Damn_Underscore posted... wut, how is that possible what actual value does reddit have It's become the largest gathering place for a lot of different social groups and hobbies. Magic the gathering for example. Mtgsalvation.com's spoiler board used to have 7000+ people visiting it constantly during the spoiler season. Now it can't even break 100. It's all moved to reddit. Video games, board games, even politics boards/mailing lists have all congregated there remember invisionfree? good times. --- http://www.wrestlereaction.net/wp-content/uploads/Vince-Russo-3.png <cite>ItsVinceRusso posted [p:881414980] in Reddit is ... [t:75479299]...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>ItsVinceRusso posted...</cite> <quote><cite>The Admiral posted...</cite> <quote>Reddit is one of the relics of the mid-2000s internet</quote> ???</quote> did you try reading the rest of that sentence</quote> i just don't think of reddit as a "mid-2000s relic". it existed in the 2000s, but never really took off until the early part of this decade. <cite>GOATTHlEF posted...</cite> <quote><cite>Damn_Underscore posted...</cite> <quote>wut, how is that possible what actual value does reddit have</quote> It's become the largest gathering place for a lot of different social groups and hobbies. Magic the gathering for example. Mtgsalvation.com's spoiler board used to have 7000+ people visiting it constantly during the spoiler season. Now it can't even break 100. It's all moved to reddit. Video games, board games, even politics boards/mailing lists have all congregated there</quote> remember invisionfree? good times.</quote> ... Copied to Clipboard!
hyperpowder 06/19/17 2:47:47 PM #17:	Is one of the founders banging Serena Williams also? Lucky guy --- Whoever beats my score I will give them a $10 PSN or Live card: https://www.youtube.com/watch?v=RpiorAx40GY <cite>hyperpowder posted [p:881415024] in Reddit is ... [t:75479299]...</cite> <quote>Is one of the founders banging Serena Williams also? Lucky guy</quote> ... Copied to Clipboard!
ShinigamiSoul 06/19/17 2:54:16 PM #18:	I visit a few NSFW subs. That's about it --- I dont want a sig! <cite>ShinigamiSoul posted [p:881415426] in Reddit is ... [t:75479299]...</cite> <quote>I visit a few NSFW subs. That's about it</quote> ... Copied to Clipboard!
Yaridovich 06/19/17 2:56:42 PM #19:	According to worth of web dot com gamefaqs is worth 645 million --- Talk about backseat fishing http://i.imgur.com/VqWjuCs.png <cite>Yaridovich posted [p:881415576] in Reddit is ... [t:75479299]...</cite> <quote>According to worth of web dot com gamefaqs is worth 645 million</quote> ... Copied to Clipboard!
CrimsonAngeI 06/19/17 2:57:23 PM #20:	Yaridovich posted... According to worth of web dot com gamefaqs is worth 645 million CrimsonAngeI posted... Sell, sell, sell! --- https://i.imgtc.com/MEH27cg.png <cite>CrimsonAngeI posted [p:881415622] in Reddit is ... [t:75479299]...</cite> <quote><cite>Yaridovich posted...</cite> <quote>According to worth of web dot com gamefaqs is worth 645 million</quote> <cite>CrimsonAngeI posted...</cite> <quote>Sell, sell, sell!</quote></quote> ... Copied to Clipboard!
#21	Post #21 was unavailable or deleted.
prince_leo 06/19/17 3:02:40 PM #22:	how was snapchat worth more? --- https://imgur.com/uHUvpSH http://error1355.com/ce/prince_leo.html <cite>prince_leo posted [p:881415943] in Reddit is ... [t:75479299]...</cite> <quote>how was snapchat worth more?</quote> ... Copied to Clipboard!
legendarylemur 06/19/17 3:03:14 PM #23:	It honestly shocks me how gamefaqs manages to get even 30% of the value Reddit has LOL --- "Iwata was awesome" - Mr. Nintendo dinglebutt <cite>legendarylemur posted [p:881415975] in Reddit is ... [t:75479299]...</cite> <quote>It honestly shocks me how gamefaqs manages to get even 30% of the value Reddit has LOL</quote> ... Copied to Clipboard!
deupd_u 06/19/17 3:10:03 PM #24:	prince_leo posted... how was snapchat worth more? A quick googling shows Reddit has "234 million unique users" monthly, and "158 million people are using Snapchat every day" https://en.wikipedia.org/wiki/Reddit http://www.businessinsider.com/how-many-people-use-snapchat-user-numbers-2017-2 But Reddit is the garbage can of the internet. Its userbase is more normie casuals with God awful interests (It's 2017 and they still post pictures of fucking cats on the front page every day) than even Facebook. --- Snipers don't shoot at paper, they shoot watermelons. http://i.imgur.com/jo511lG.jpg <cite>deupd_u posted [p:881416424] in Reddit is ... [t:75479299]...</cite> <quote><cite>prince_leo posted...</cite> <quote>how was snapchat worth more?</quote> A quick googling shows Reddit has "234 million unique users" monthly, and "158 million people are using Snapchat every day" https://en.wikipedia.org/wiki/Reddit http://www.businessinsider.com/how-many-people-use-snapchat-user-numbers-2017-2 But Reddit is the garbage can of the internet. Its userbase is more normie casuals with God awful interests (It's 2017 and they still post pictures of fucking cats on the front page every day) than even Facebook.</quote> ... Copied to Clipboard!
WizardPowers 06/19/17 3:11:56 PM #25:	There are ads on reddit? --- http://i.imgur.com/FS3aeNW.png <cite>WizardPowers posted [p:881416566] in Reddit is ... [t:75479299]...</cite> <quote>There are ads on reddit?</quote> ... Copied to Clipboard!
weapon_d00d816 06/19/17 3:18:25 PM #26:	MC_BatCommander posted... ItsVinceRusso posted... The Admiral posted... Reddit is one of the relics of the mid-2000s internet ??? did you try reading the rest of that sentence Honestly the whole notion of Reddit being a mid-2000s relic is stupid. A lot of popular sites today technically started much earlier but were not at all popular until recent years. Amazon is a huge example. When I think of the mid-2000s internet era I do not think of Reddit or Amazon at all. --- SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SlG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SIG SlG <cite>weapon_d00d816 posted [p:881416962] in Reddit is ... [t:75479299]...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>ItsVinceRusso posted...</cite> <quote><cite>The Admiral posted...</cite> <quote>Reddit is one of the relics of the mid-2000s internet</quote> ???</quote> did you try reading the rest of that sentence</quote> Honestly the whole notion of Reddit being a mid-2000s relic is stupid. A lot of popular sites today technically started much earlier but were not at all popular until recent years. Amazon is a huge example. When I think of the mid-2000s internet era I do not think of Reddit or Amazon at all.</quote> ... Copied to Clipboard!
AlternativeFAQS 06/19/17 3:20:11 PM #27:	Clad posted... Apple has over $200 billion in cash Apple sells stuff genius <cite>AlternativeFAQS posted [p:881417100] in Reddit is ... [t:75479299]...</cite> <quote><cite>Clad posted...</cite> <quote>Apple has over $200 billion in cash</quote> Apple sells stuff genius</quote> ... Copied to Clipboard!
Clad 06/19/17 5:32:24 PM #28:	I was just stating an interesting fact that highlights how much money has. Shut the fuck up. --- "Conservatives are Nazi's." - scoobydoobydont "I just looked and amazon.com doesnt sell sex" - Complete_Idi0t <cite>Clad posted [p:881425417] in Reddit is ... [t:75479299]...</cite> <quote>I was just stating an interesting fact that highlights how much money has. Shut the fuck up.</quote> ... Copied to Clipboard!
Topic List	Page List: 1

Current Events > Reddit is now valued at $1.7 billion (+) Yeah! (+)

Current Events > Reddit is now valued at $1.7 billion