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The fact that they're running them for free is kinda interesting. Going from corporate censoring the ads, to reddit essentially giving the campaign a huge contr
by famousactress 16y ago
The fact that they're running them for free is kinda interesting. Going from corporate censoring the ads, to reddit essentially giving the campaign a huge contribution. It'll be interesting to see what the fall-out from this is.
- ataggart 16y agoWhat's the over/under on the complaints about corporate giveaways to political campaigns? I'll take the under.
- ars 16y agoIf I were Conde Nast, the fallout would be firing them, and yes I'm aware this may kill reddit. You were bought. Reddit does not belong to you, and you don't get to decide what to do with it. If you can't handle that then you should never have sold, or in this case you should quit.
- ojbyrne 16y agoWell the higher-ups could actually have been honest when they said they just didn't want to benefit financially, and might have approved the free ads.
- CamperBob 16y agoThere might be some really severe legal consequences to running those free ads. I'm not familiar with campaign finance but it's possible that the law considers Reddit's action to be a "donation" with a large equivalent cash value.
- famousactress 16y agoI was thinking the exact same thing. At the very least I think there are disclosure and tax issues, and the fact that the 'donation' came from Conde Nast has pretty significant implications.
- bluelu 16y agoI completely agree with you. Either you take the cash or you don't. But if you take the cash, you shouldn't be mourning afterwards about not having enough money (while spending close to 1/2 million a year on ec2) and not being able to decide which ads you run on the site you simply don't own anymore.
- halfasleep 16y agoDeciding to make it public how much you care about your users opinions of you advertising might convince a few people to turn off AdBlock. Reddit already has a reasonable number of free/unsold ad spaces.
- enjo 16y agoIt's actually really interesting. I've read a lot of articles about the perils of Gen-Y in the workplace, what about when Gen-Y runs your portfolio company?
- jrockway 16y agoThe founders already did quit, right?
- theBobMcCormick 16y agoIMHO that'd make you a pretty crappy manager. Didn't Conde Nast pay something like 15 million for Reddit? And you'd make a decision that would, as you said, likely kill the site off over a little authority dispute? What a way to throw your money away.
- aristidb 16y agoIf it's a sunk cost, then "throwing the money away" is maybe the best option. It isn't like it's just a little authority dispute. Reddit probably costs more than it brings in, so closing it might make financial sense, too.