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This is turning into bad PR for Conde Nast. The news cycle is turning this into "Conde Nast begging for money", which in turn is likely to lose millions in the
by achille 16y ago
This is turning into bad PR for Conde Nast. The news cycle is turning this into "Conde Nast begging for money", which in turn is likely to lose millions in the market.
It's embarracing too. Conde Nast executives will wake up this week to calls asking why it's having to beg.
- DilipJ 16y agoThe only reason they're begging is because they think they can squeeze money out of Reddit's loyal (and generous) userbase. The costs to improve Reddit is nothing to CN, considering the millions they must waste on Vogue parties and whatnot. The total cost to run Reddit is probably less than Anna Wintour's personal expense budget! My guess is that this is the brilliant idea of the McKinsey guys, whom CN has asked to streamline their operations. Some bean counter MBA probably suggested that Reddit be put on an austerity program, and if CN keeps listening to them then Reddit won't have much of a future.