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He's probably got it in his mind that CN would be willing to dump it for $3 million or some other low ball number. Reddit was purchased for something like $15
by staunch 16y ago
He's probably got it in his mind that CN would be willing to dump it for $3 million or some other low ball number.
Reddit was purchased for something like $15 million. I doubt they'd sell it for less than $30 million (if at all). This guy is just tilting at windmills.
- michaelbuckbee 16y agoI'm not sure, CN seems fundamentally unable to figure out how to make Reddit into a profitable venture. It wouldn't be the first startup purchased by a large corporate entity to be sold off for less than the initial purchase price.
- jacquesm 16y agoBut reddit has grown enormously in that time. So the potential has grown as well, the fact that CN can't make it work is not going to stop some other party from trying very hard. What's interesting is that they can't monetize it at this traffic level, even with only four employees.