Lot of interesting ideas on how reddit can diversify revenue and backstory on their history. I'd love to see a comparison of Reddit's reach internationally compared to other social media. Also intriguing that it's the one social media that centers around community rather than individuals. The concept of a reddit celebrity doesn't really exist besides a couple of edge cases. And in all those cases, they are unique characters rather than someone famous. Even if a famous person is doing an AMA, the only distinction from you is their username which isn't that significant. It's a media platform where the weight of your jokes/opinion weighs a lot more than who you are. Also leads to an interesting dichotomy where users can't really turn their back on the platform because they're inherently attached to their community. There isn't another alternative platform that is remotely close to reddit and the anonymous nature means that the closing of a subreddit acts as a crisis that irrevocably splits a community. Also think the relationship between admins and moderators or employees with users (like in the API situation) is so critical to ensuring positive sentiment with the platform. Think there's a lot of room for competition in the "community focused" social media space.
I should be able to pull up the international comparison for you and loop it here! I’d disagree that there’s competition in the community focused media space. The biggest win the early apps have is their huge network effect and largely grown communities! It’s a huge cold start problem for a new app to beat a platform with 600M+ MAUs but if Reddit opened up the graph then you could leverage the graph built in terms of what members are parts of what communities to build something radically different or something better with a nice UI experience. That solves the cold start problem
Should've phrased that better, I think there's 'room' for competition because reddit is the only big community driven platform. But do agree the cold start problem and growing communities would be a challenge for any new platforms. Prob could be overcome by giving some large value proposition to new communities. Something like IMDB inherently drawing users to their community because it also serves as a DB/rating system for media. A new platform offering unique value to each community like a built-in discord channel or aggregation of topics/discussion from other platforms could also help the cold start problem.
Lot of interesting ideas on how reddit can diversify revenue and backstory on their history. I'd love to see a comparison of Reddit's reach internationally compared to other social media. Also intriguing that it's the one social media that centers around community rather than individuals. The concept of a reddit celebrity doesn't really exist besides a couple of edge cases. And in all those cases, they are unique characters rather than someone famous. Even if a famous person is doing an AMA, the only distinction from you is their username which isn't that significant. It's a media platform where the weight of your jokes/opinion weighs a lot more than who you are. Also leads to an interesting dichotomy where users can't really turn their back on the platform because they're inherently attached to their community. There isn't another alternative platform that is remotely close to reddit and the anonymous nature means that the closing of a subreddit acts as a crisis that irrevocably splits a community. Also think the relationship between admins and moderators or employees with users (like in the API situation) is so critical to ensuring positive sentiment with the platform. Think there's a lot of room for competition in the "community focused" social media space.
I should be able to pull up the international comparison for you and loop it here! I’d disagree that there’s competition in the community focused media space. The biggest win the early apps have is their huge network effect and largely grown communities! It’s a huge cold start problem for a new app to beat a platform with 600M+ MAUs but if Reddit opened up the graph then you could leverage the graph built in terms of what members are parts of what communities to build something radically different or something better with a nice UI experience. That solves the cold start problem
Should've phrased that better, I think there's 'room' for competition because reddit is the only big community driven platform. But do agree the cold start problem and growing communities would be a challenge for any new platforms. Prob could be overcome by giving some large value proposition to new communities. Something like IMDB inherently drawing users to their community because it also serves as a DB/rating system for media. A new platform offering unique value to each community like a built-in discord channel or aggregation of topics/discussion from other platforms could also help the cold start problem.