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[1] Reddit is run by four developers, who are not out of touch, who can't make enough revenue despite their enormous size. Reddit is owned by Conde Nast. They

• talbina 16y ago
  " Whenever this topic comes up on the site, someone always posts a comment about how reddit is owned by Conde Nast, a billion-dollar corporation like Time Warner or Cobra, and how if they wanted to they could hire a thousand engineers and purchase a million dollars worth of heavy iron. But here's the thing: corporations aren't run like charities. They keep separate budgets for each business line, and usually allocate resources proportionate to revenue. And reddit's revenue isn't great. " http://blog.reddit.com/ http://blog.reddit.com/
  • ant5 16y ago
    That quote has absolutely nothing to do with anything we were just discussing. Reddit's revenue isn't great, and company's maintain distinct budgets for different properties, but exactly what does that actually have to do with Conde Nast having business people that should be paying attention to this?