How much is Reddit making from Reddit gold? | Hacker News Reader

How much is Reddit making from Reddit gold?

gold.reddit-stream.com

27 pointsbemmu19 comments

What's baffling is that Reddit is not considered a better business model than the zombie that is Twitter.

So basically enough to pay 3-4 fully loaded developers in SF. Also it's interesting the 7.75% decrease in Gold after in Aug 2015, after the Victoria Taylor firing.

Given the absence of a clear uptrend in the last few months, I think it's fair to say Reddit Gold hasn't succeeded yet.

Kudos for the transparency though.

I guess their servers need to be payed as well..

Paid by advertisements and sponsored posts, I believe...

>Also it's interesting the 7.75% decrease in Gold after in Aug 2015,

I'm from Europe. Earlier when the USD was weaker vs the EUR I was more liberal with buying Gold. But since the Dollar got stronger I have bought maybe 2 Golds.

I don't really care for that Reddit drama with Ellen Pao and Victoria Taylor, etc.

> Kudos for the transparency though.

This isn't reddit releasing numbers, this is someone scraping reddit and estimating the numbers based on gifted gold. Notice at the bottom of the page:

> These numbers only include gifted gold, and don't take into account transaction fees etc

Ah, sorry didn't realize that. Thanks for pointing that out.

67000 a month. Wow. Small

Yeah, for one of the largest communities online, it's a small income.

But, they have advertising and sponsored submissions, and I do believe they make more money from that.

Gold is practically user donations as far as I see it, it doesn't provide much benefit to most users...

There are benefits it provides: https://www.reddit.com/gold/about/ but most can be replicated with plugins

* Turn off ads

* Reddit themes

* Create a custom reddit alien avatar

* New comment highlighting

* Ad free, early access to the Upvoted podcast

* Remember what links you've visited across computers

The yearly numbers are more impressive/important:

    2013	$235,254.39
    2014	$778,528.80
    2015	$870,000.00 (est.)

Those numbers would be impressive for a good restaurant, not a site 10's of millions of MAU.

There must be a bug in the tabulation, because the data I'm seeing is:

    $5,740,989,156
    last 24 hrs ($239207881.50 / hr)

    $67,463
    last month ($93.70 / hr)

    $2,506
    last week ($14.91 / hr)

Either that, or someone bought an awful lot of reddit gold in the last 24 hours.

It seems it is fixed now,.

    $2,506
    last 24 hrs ($104.41 / hr)

Seems somewhat more reasonable

Who know how much does Reddit help Imgur make money?

Does Imgur make more money than reddit? How?

ads

"These numbers only include gifted gold"

5 billion dollars a day is not too shabby for a business model that consists of rewarding people for heartfelt advice, sad stories, and puns

edit: booo

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