3 ms·
> Why does Reddit have to become a media empire? Because investors have poured a ton of money into it expecting it to be a media empire.
by mbesto 10y ago
> Why does Reddit have to become a media empire?
Because investors have poured a ton of money into it expecting it to be a media empire.
- flashman 10y agoThis is what I detect in Reddit's new ideas: the fear that the existing site is good enough for most people and its population has therefore stabilised... which would be pretty bad for certain kinds of investor looking for a big one-off return instead of a consistent dividend.
- blahi 10y agoOh god. There are no "investors". Reddit is owned by Conde Nast's parent company. The only other shareholders are employees.