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(Founder Stories) Reddit’s Ohanian: What Competition?
- tokenadult 15y agoThis may be a classic story of a founder who outsmarted an acquiring company. What hope does Conde Nast have of monetizing Reddit enough to recover its investment?
- raldi 15y agoThe future looks extremely bright. The only thing holding reddit back was that, until recently, Conde Nast didn't think the site needed more employees than could fit in a car. They didn't even have a salesperson assigned to the site until last September. In other words, it's been less than a year since Conde Nast's even been trying to monetize reddit. And I can't talk about the numbers, but note how much the site's been hiring to get a good idea of how things have been going. As big as the last 12 months have been for reddit, the next 12 are going to blow them away.