By the way, does anyone know what's up with how Wattpad counts page views? I used to think it gave a reasonably accurate count of how many people looked at your stories. But now I've been told the numbers are way off because of page visits by bots and spiders. Is there any way to find out what's really going on? I'd like to think that a few hundred real people have in fact read my stories.
No idea, but the 'reads' stat is incredibly misleading. Tens of millions of reads? Not a chance. They certainly count every view of every chapter every time, so you probably have to divide the overall stat by the number of chapters.
What I do is look at the numbers of comments (and votes, to a lesser extent) per chapter. Comment numbers aren't uniques - people may well comment more than once - but I figure if you divide them by three or four you get a baseline.
More generally: I would echo the comments about display sites above, with some exceptions.
No, publishers don't routinely trawl display sites. We have enough to be getting on with, and the quality on most of them is identical to slush (often lower.) Any website which is trying to 'revolutionise publishing' by 'ranking the slushpile' etc is going to be useless. If I ever want to read a novel that has about a 1% chance of being of any interest, there are ten under my desk in brown envelopes at any one time.
That's why display sites have been coming and going for so long that we have the phrase 'YADS'. They have all singularly failed to revolutionise publishing. For a long time the only one with any staying power was Authonomy, and that was because it had a formal link with HarperCollins, and thus people could feel there was a genuine chance their book might get read by someone other than another member.
Here's the thing, though: recently, you will have seen top-rated Wattpad authors get publishing deals with at least three of the Big Five. Wattpad is interesting to me and to others in that it's not really geared towards publishing. The demographic is overwhelmingly young, female, and distributed all over the world (especially the US, UK and Philippines.) It's teenagers, basically, and as such of interest primarily to people in children's books.
These aren't people hoping to get noticed - they're just telling each other stories. It's why Wattpad has a split between original fiction and fan-fiction (One Direction, primarily.) A publishing-focused site like Authonomy wouldn't host the latter, and a fanfic site wouldn't host the former.
The paradox is I wouldn't discount Wattpad as a path to publication, but only so long as you aren't actually trying to get published. The people who have been successful tend to have been focused on pleasing their peers on the site rather than building a portfolio of work to sell. It's also, of course, going to be almost exclusively YA/NA.
(All this applies to a lesser extent to Movellas - similar in a lot of ways, but on a smaller scale.)