Revenue is not everything. There are things on the internet, old as country roads, operating on minimal revenue, still alive; while younger things which believed revenue is the way to go, are long forgotten.
A wonderful little comment.
You're a poet, sir.
Excellent comment. IRC and Craigslist are examples of something "old as country roads" on the internet.
Then reddit is doubly a competitor, because they're apparently stable with 0.05% of Facebook's revenue. Facebook might falter if their financials go south, reddit has no where to go but up.
If your customers don't buy your product because they can get it for free on reddit, it doesn't matter how much they pay reddit for it.
I think they're saying Reddit's another Excel-like competitor for your startup, not a competitor for Facebook.
I don't see anyone suggesting that the two are equivalent.
I think Johnie sees them as competitors, sips tea.
I meant that Reddit is another Excel-esque competitor to your startup. Or another way to look at it is that Reddit is your early validation for demand.