15 ms·

Reddit is being funded by a fake company?

125 points by mik3y 4y ago

version_five 4y ago
It's [removed] now, what did it say?
- peppustimbus 4y ago
  https://web.archive.org/web/20220513210317/https://old.reddit.com/r/conspiracytheories/comments/up1cwf/reddit_is_being_funded_by_a_fake_company/ https://web.archive.org/web/20220513210317/https://old.reddi...
- version_five 4y ago
  User peppustimbus replied with the archive version but is shadowbanned. This is the link: https://web.archive.org/web/20220513210317/https://old.reddit.com/r/conspiracytheories/comments/up1cwf/reddit_is_being_funded_by_a_fake_company/ https://web.archive.org/web/20220513210317/https://old.reddi... This could just be a wealthy family office, I have first hand knowledge of one such company that would have no website or information online other than a few things in filings but manages several billion dollars.
  - t0mas88 4y ago
    But for most of those there is some information on the family where the money came from. Like they ran some kind of business. In this case the only information to be found on the family is that someone with that family name is a drug dealer. Makes it even more suspicious where the money came from.
    - thrown12 4y ago
      Ironically enough I know of a family office for who the most accurate information was a reddit post. It was from some rando on the other side of the world who spent a few months stalking peoples 15 year old facebook profiles to find the connections between them. It was astonishing that someone who by their own admission was working part time at a gas station making less than minimum wage did more due diligence than anyone they had worked with including a number of three letter agencies. The post has since been deleted and the account banned.
    - jhugo 4y ago
      Another person with that family name is a Canadian professional ice hockey player. A lot of family names are pretty common, it turns out.
    - mikeryan 4y ago
      I also know of a family fund with no public presence that’s an active, large investor with zero presence. You google their name and get results very similar to googling Kharia Capital (I’d say the name of the fund I know, but the lead is a friend and I want to respect his privacy). I’m sure many, if not most family funds do share more info but in this case it could be one who doesn’t. I guess what I’m saying is that you can’t assume it’s somehow nefarious based on this profile. Also at least one result for Khaira explicitly says it’s a family fund. https://app.dealroom.co/investors/khaira_capital https://app.dealroom.co/investors/khaira_capital
  - HWR_14 4y ago
    This post claims that the person controlling the family office is now 18, and is also spending money to be philanthropic. This could be someone who inherited money trying to buy their way into legitimization/importance in the world, tech world especially. Which is honestly a far more reasonable use for inherited money if you want to do something interesting with your life than "bought yacht, coke, women". If the totally unsupported claim that it was dirty money in the first place, it makes even more sense to spend money to become legitimate himself. The only evidence was his last name, no idea if it's common, is shared by someone who is claimed to be a drug kingpin in an online article. Certainly a rich young man investing in something he believes in sounds more plausible than Reddit cooking the books and doing so in such a spectacularly bad way.
    - xixo 4y ago
      And down the conspiracy theory rabbit hole we go! I love your theory, and it's very plausible. In a way this just boils down to "was the money 'good' or 'bad'?" and "will the money be used for 'good' or 'bad'?". It's fun to speculate, it's best to know more of the truth. My hope this will blow up a bit so we get more information (it's in the public's best interest to know more). This is the way all "conspiracy theories" should go, at least those with credible theories to test.
- loceng 4y ago
  Reveddit.com for all your deleted user/comment needs; just copy/paste the URL of the comment/thread/user. Edit to add: Huh, it's not showing. Normally it would - https://www.reveddit.com/v/conspiracytheories/comments/up1cwf/reddit_is_being_funded_by_a_fake_company/ https://www.reveddit.com/v/conspiracytheories/comments/up1cw...
  - deleted 4y ago
    [deleted]
  - filiphorvat 4y ago
    Unddit works: https://www.unddit.com/r/conspiracytheories/comments/up1cwf/reddit_is_being_funded_by_a_fake_company/ https://www.unddit.com/r/conspiracytheories/comments/up1cwf/...
    - 0des 4y ago
      It shows zero content
- fortran77 4y ago
  This is actually very curious. People in a reddit group for purposely discussing "conspiracy theories" are getting banned...
  - ryanSrich 4y ago
    If you’ve frequented the conspiracy subs this happens so incredibly often that I was fully expecting the OP to be banned when I clicked the link.
  - SemanticStrengh 4y ago
    An obvious evidence for conspiracies
encryptluks2 4y ago
One thing I've noticed with reddit is they constantly push violence to the frontpage and encourage it. Someone calls you a name or uses a racist word, here watch this video of someone getting beat nearly to death for speech and here are 1000 top comments as to why that is perfectly okay and acceptable. I get the feeling the police state actually wants more violence and crime and therefore encourages it quite frequently. Slavery is legal as long as someone is in jail or prison. They have people working for less than $1/hr just for some extra snacks and perks.
- peppustimbus 4y ago
- andi999 4y ago
  I never see this. Maybe you subscribe to different channels?
  - makotech221 4y ago
    Literally any post about ukraine will have redditors screaming for genocide against russia, upvoted to top. Same goes for China
    - SirHound 4y ago
      Show me one single post about Ukraine where a top 3 voted comment is “screaming about genocide against Russia”. I will save you the time, don’t bother, because it doesn’t exist.
      - octonion 4y ago
        It exists in their fevered imagination.
    - _Algernon_ 4y ago
      I've seen posts that were calling for violence (usually directed against those directly involved, or leadership, which is natural given the circumstances), but I have not seen anyone (with significant upvotes) calling for genocide. If "any post about Ukraine" has this content, I'm sure it will be easy for you to link a handful of examples?
narrator 4y ago
I occasionally look at a few very niche subreddits, but for news, Reddit is complete garbage. Reddit has been kind of dead to me since 2016. They were the first big victim of the ongoing anti-free-speech wave that started in 2016.
- fartcannon 4y ago
  Yeah, and while it can be helpful to get answers to things when google fails (which is nearly always nowadays), there's so much astroturfing and shilling that those answers are often worthless.
- webscout 4y ago
  https://biztoc.com https://biztoc.com for anything business-related
- octonion 4y ago
  No one is "anti-free speech", but some companies have decided that overt racism, sexism, anti-Semitism and other forms of bigotry violate what they've decided are reasonable terms of service. If users don't like it, there's always 8chan, Stormfront, Gab, Gettr, Truth Social, Parler.
  - tekmate 4y ago
    but looking at it like that doesn't make people feel like they're some kind of freedom fighter (freedom to be bigoted trash)
  - nemo44x 4y ago
    This is a great example of gas lighting right here. Dear Octonian, users were banned left and right for suggesting Covid was a lab leak or for making their case for why vaccines were problematic. It isn’t just banning if extreme ideas and race, sex, and religion. They banned the president of the United States. It’s about power and controlling the propaganda messaging apparatus.
    - dr-detroit 4y ago
thefourthchime 4y ago
The TLDR is that the OP thinks it's very "sus" that one of the founders for Reddit's latest Series F round is hard to find any information for. - The investor, Khaira Capital is run by "Jivteshwar Khaira" who is allegedly an 18yo "Wonderkid", his linked in just has a picture of a Rolex watch - The other "employees" of the company are also blank - The website is mostly blank - There are a few news articles about him, but two are duplicates, the one I read sounds like it was a PR publication. - There is someone called "Sukhpal Singh Khaira" who is allegedly a drug kingpin, no idea if they are related. As someone else said, it sounds like a wealthy family office.
- benrapscallion 4y ago
  FWIW, Khaira (more commonly spelled Khera) is a common North Indian surname. So simply googling Khaira and connecting to any other Khaira is in some ways like googling John Smith.
  - deleted 4y ago
    [deleted]
- mik3y 4y ago
  Yeah, I tend to agree with the "anonymous family office" take (assuming it's even a legit investor - never heard of this viz Reddit's F) vs some shadowy state actor conspiracy. Thought it might be fun to pick over on HN nonetheless, because a big ~anonymous investor in a social network seemed interesting in light current events at $TWTR.
deleted 4y ago
[deleted]
nothing2see2 4y ago
Not a fake company, it's a family office. Most likely thing is it's a rich kid investing his parents' money. Also possibly it's a rich kid who got rich himself in EMEA so HN hasn't heard of him.
phendrenad2 4y ago
The company probably isn't fake, but this does bring up an interesting question: what's the point of forcing companies like reddit to publicly reveal their investors if their investor can be just a company name in a filing cabinet with no record of who owns it?
lmc 4y ago
Nice story, but BS. "Reddit’s latest Series F of $410 million dollars was funded by two lead investors. Fidelity Management and Research and Khaira Capital." The only source I could find that company is involved is crunchbase, which anyone can edit.
- mik3y 4y ago
  I agree with you. I should have looked a little more closely before the lazy crosspost, especially considering the 'source'..
lizardactivist 4y ago
It's a pro-American global community where very little that attempts to break the echo is allowed to remain visible. It wouldn't be surprising if there is U.S. gov money somehow coming into it via other less-obvious routes.
- nceqs3 4y ago
  You ever seen the front page? There is little to no "pro-American" content.
  - 0des 4y ago
    - beamatronic 4y ago
      It depends on your definition of “America”. Do you mean “white Christians” or do you mean “all men are created equal”, separation of church and state, etc.
      - 0des 4y ago
        beamatronic 4y ago
        Which country? Which America? There are two.
    - voakbasda 4y ago
      No, both parties are “pro-America”, but they each have vastly different ideas of what their America should look like. Theses parties are actively engaged in a civil war in the courts, which is increasingly spilling out into acts of violence. Meanwhile, many moderate Americans stand on the sidelines in total disbelief, as they both work destroy the principles on which the country was founded.
  - 4y ago
happythebob 4y ago
That's stupid that a r/conspiracy post would end up here.
sophacles 4y ago
> In addition, two of these articles are identical, while supposedly having been written by 2 different people at 2 different news sources. Jasmine Andrade from Clear Publicist and Christopher Harpur of Daily Scanner somehow wrote identical articles about Jivteshwar on the same day. Or a press release went out and was republished by 2 different places. This happens often. Sometimes they'll get reworded and sometimes not. Edit: republished has 1 'l'
yangity 4y ago
Nothing to see here folks. From Reddit’s press release (https://www.redditinc.com/blog/reddit-secures-funding-to-continue-growth-plans https://www.redditinc.com/blog/reddit-secures-funding-to-con...): > We will raise up to $700 million in Series F funding, led by Fidelity Management and Research Company LLC. and including other existing investors, at a post-money valuation of over $10 billion.
kkfx 4y ago
I suggest another point of view: why companies like Reddit, but also Twitter, do exists? Does ads ONLY justify the invested amount of money? I bet anyone will answer: "surely not!" and than the point: why we do not came back to Usenet quickly instead of keeping up such services who happen to be unbalanced in usefulness terms?
CamelCaseName 4y ago
Original Thread (now deleted): Reddit is being funded by a fake company. Reddit’s latest Series F of $410 million dollars was funded by two lead investors. Fidelity Management and Research and Khaira Capital. Who is Khaira Capital? That’s a good question. They basically don’t exist. The CEO and CIO are listed as Jivteshwar Khaira. Finding information on Jivteshwar Khaira is very difficult. He is supposedly an 18-year-old boy genius, yet somehow has zero identifying photographs and almost zero information publicly available. His Linkedin profile is simply a picture of a Rolex watch and his account is set to private. In addition, Khaira Capital is listed on their Series F filing as having 51-100 employees, yet not a single one other than Jivteshwar has a profile on LinkedIn. The only contact information whatsoever is listed as the founder himself at j.khaira@khairacapital.com. The company’s website is https://www.khairacapital.com/ https://www.khairacapital.com/. It is mostly blank pages with zero information. I was only able to find 4 articles about Jivteshwar. Three of them were written on Jan 9, 2022. The other was written on Jan 10, 2022. What an odd coincidence that three completely independent news agencies wrote publications about Jivteshswar within 2 days of each other, shortly before Reddit received millions of dollars in funding from his company. https://www.dailyscanner.com/entrepreneur-inventor-wunderkind-and-philanthropist-jivteshwar-khaira/ https://www.dailyscanner.com/entrepreneur-inventor-wunderkin... https://www.clearpublicist.com/entrepreneur-inventor-wunderkind-and-philanthropist-jivteshwar-khaira/ https://www.clearpublicist.com/entrepreneur-inventor-wunderk... https://www.blackbirdnews.com/the-kid-philanthropist-jivteshwar-khaira/ https://www.blackbirdnews.com/the-kid-philanthropist-jivtesh... https://thehiltonian.com/jivteshwar-khaira-philanthropist-pledges-100m-usd-to-columbia-university/ https://thehiltonian.com/jivteshwar-khaira-philanthropist-pl... In addition, two of these articles are identical, while supposedly having been written by 2 different people at 2 different news sources. Jasmine Andrade from Clear Publicist and Christopher Harpur of Daily Scanner somehow wrote identical articles about Jivteshwar on the same day. In these articles, Jivteshwar is described as a boy-genius, a wunderkind, a self-taught engineer and philanthropist, yet somehow no photographs whatsoever of this amazing person could be found online. His accomplishments include: · Pledged $100M to Columbia University. · Funded 18 schools in countries with low income families in Indonesia, Bali and Chad. · Designed a prototype electric plane. · Maintains strong relations with people on Wall Street (misnamed as Wall Avenue in the articles) and in Silicon Valley. · While just a teenager, made a quantitative, very long-shorter equity tactic that runs an automatic basis on his laptop or computer. (No clue what this means, but that’s what is written) · Helped fund some nonprofits in Africa so that they could import covid vaccines and set up free vaccination clinics in low income neighborhoods. We calculate that his contributions have led to about 10,000 people getting vaccinated and about 20,000 free tests being administered. · organized groups and put together the funds to set up 22 free testing centres in northern India, along with 18 free vaccination clinics as a way to combat the pandemic. For this, he was awarded a commendation by the chief minister and governor of Punjab, and got to meet the prime minister All of these amazing accomplishments were reported within 2 days of each other, yet know information about this astounding individual can be found anywhere. In my research, I also googled "Khaira family corruption" and came across this article https://www.punjabnewsexpress.com/punjab/news/sukhpal-khairas-son-blamed-ed-for-conspiring-to-malign-intimidator-and-harrass-his-father-157289 https://www.punjabnewsexpress.com/punjab/news/sukhpal-khaira... which describes Sukhpal Singh Khaira as a drug kingpin. Is this a relation to Jivteshwar Khaira? I don't know, but it would describe where the money comes from. All in all, what is blatantly clear is that Jivteshwar Khaira and Khaira Capital do not exist. They are a fake company covering up where Reddit's money is actually coming from and some real investigation needs to be done about this.
93po 4y ago
Seems ridiculous to ban the user, remove the post, and lock the comment section. In a conspiracy theory subreddit of all places. This is like the perfect content for a subreddit like that. Once again proving that the moderation model of Reddit also completely ruins reddit 95% of the time
johannes1234321 4y ago
> The company’s website is https://www.khairacapital.com https://www.khairacapital.com. It is mostly blank pages with zero information. This is Larry Ellison's real estate and investment company: http://www.lawrenceinvestment.com/index.php http://www.lawrenceinvestment.com/index.php Waren Buffet's https://berkshirehathaway.com/ https://berkshirehathaway.com/ is also famous. Keeping somewhat low profile is quite normal for these investment firms.

125 points by mik3y 4y ago

version_five 4y ago

It's [removed] now, what did it say?

peppustimbus 4y ago
https://web.archive.org/web/20220513210317/https://old.reddit.com/r/conspiracytheories/comments/up1cwf/reddit_is_being_funded_by_a_fake_company/ https://web.archive.org/web/20220513210317/https://old.reddi...
version_five 4y ago
User peppustimbus replied with the archive version but is shadowbanned. This is the link: https://web.archive.org/web/20220513210317/https://old.reddit.com/r/conspiracytheories/comments/up1cwf/reddit_is_being_funded_by_a_fake_company/ https://web.archive.org/web/20220513210317/https://old.reddi... This could just be a wealthy family office, I have first hand knowledge of one such company that would have no website or information online other than a few things in filings but manages several billion dollars.
- t0mas88 4y ago
  But for most of those there is some information on the family where the money came from. Like they ran some kind of business. In this case the only information to be found on the family is that someone with that family name is a drug dealer. Makes it even more suspicious where the money came from.
  - thrown12 4y ago
    Ironically enough I know of a family office for who the most accurate information was a reddit post. It was from some rando on the other side of the world who spent a few months stalking peoples 15 year old facebook profiles to find the connections between them. It was astonishing that someone who by their own admission was working part time at a gas station making less than minimum wage did more due diligence than anyone they had worked with including a number of three letter agencies. The post has since been deleted and the account banned.
  - jhugo 4y ago
    Another person with that family name is a Canadian professional ice hockey player. A lot of family names are pretty common, it turns out.
  - mikeryan 4y ago
    I also know of a family fund with no public presence that’s an active, large investor with zero presence. You google their name and get results very similar to googling Kharia Capital (I’d say the name of the fund I know, but the lead is a friend and I want to respect his privacy). I’m sure many, if not most family funds do share more info but in this case it could be one who doesn’t. I guess what I’m saying is that you can’t assume it’s somehow nefarious based on this profile. Also at least one result for Khaira explicitly says it’s a family fund. https://app.dealroom.co/investors/khaira_capital https://app.dealroom.co/investors/khaira_capital
- HWR_14 4y ago
  This post claims that the person controlling the family office is now 18, and is also spending money to be philanthropic. This could be someone who inherited money trying to buy their way into legitimization/importance in the world, tech world especially. Which is honestly a far more reasonable use for inherited money if you want to do something interesting with your life than "bought yacht, coke, women". If the totally unsupported claim that it was dirty money in the first place, it makes even more sense to spend money to become legitimate himself. The only evidence was his last name, no idea if it's common, is shared by someone who is claimed to be a drug kingpin in an online article. Certainly a rich young man investing in something he believes in sounds more plausible than Reddit cooking the books and doing so in such a spectacularly bad way.
  - xixo 4y ago
    And down the conspiracy theory rabbit hole we go! I love your theory, and it's very plausible. In a way this just boils down to "was the money 'good' or 'bad'?" and "will the money be used for 'good' or 'bad'?". It's fun to speculate, it's best to know more of the truth. My hope this will blow up a bit so we get more information (it's in the public's best interest to know more). This is the way all "conspiracy theories" should go, at least those with credible theories to test.
loceng 4y ago
Reveddit.com for all your deleted user/comment needs; just copy/paste the URL of the comment/thread/user. Edit to add: Huh, it's not showing. Normally it would - https://www.reveddit.com/v/conspiracytheories/comments/up1cwf/reddit_is_being_funded_by_a_fake_company/ https://www.reveddit.com/v/conspiracytheories/comments/up1cw...
- deleted 4y ago
  [deleted]
- filiphorvat 4y ago
  Unddit works: https://www.unddit.com/r/conspiracytheories/comments/up1cwf/reddit_is_being_funded_by_a_fake_company/ https://www.unddit.com/r/conspiracytheories/comments/up1cwf/...
  - 0des 4y ago
    It shows zero content
fortran77 4y ago
This is actually very curious. People in a reddit group for purposely discussing "conspiracy theories" are getting banned...
- ryanSrich 4y ago
  If you’ve frequented the conspiracy subs this happens so incredibly often that I was fully expecting the OP to be banned when I clicked the link.
- SemanticStrengh 4y ago
  An obvious evidence for conspiracies

encryptluks2 4y ago

One thing I've noticed with reddit is they constantly push violence to the frontpage and encourage it. Someone calls you a name or uses a racist word, here watch this video of someone getting beat nearly to death for speech and here are 1000 top comments as to why that is perfectly okay and acceptable. I get the feeling the police state actually wants more violence and crime and therefore encourages it quite frequently. Slavery is legal as long as someone is in jail or prison. They have people working for less than $1/hr just for some extra snacks and perks.

peppustimbus 4y ago
andi999 4y ago
I never see this. Maybe you subscribe to different channels?
- makotech221 4y ago
  Literally any post about ukraine will have redditors screaming for genocide against russia, upvoted to top. Same goes for China
  - SirHound 4y ago
    Show me one single post about Ukraine where a top 3 voted comment is “screaming about genocide against Russia”. I will save you the time, don’t bother, because it doesn’t exist.
    - octonion 4y ago
      It exists in their fevered imagination.
  - _Algernon_ 4y ago
    I've seen posts that were calling for violence (usually directed against those directly involved, or leadership, which is natural given the circumstances), but I have not seen anyone (with significant upvotes) calling for genocide. If "any post about Ukraine" has this content, I'm sure it will be easy for you to link a handful of examples?

narrator 4y ago

I occasionally look at a few very niche subreddits, but for news, Reddit is complete garbage. Reddit has been kind of dead to me since 2016. They were the first big victim of the ongoing anti-free-speech wave that started in 2016.

fartcannon 4y ago
Yeah, and while it can be helpful to get answers to things when google fails (which is nearly always nowadays), there's so much astroturfing and shilling that those answers are often worthless.
webscout 4y ago
https://biztoc.com https://biztoc.com for anything business-related
octonion 4y ago
No one is "anti-free speech", but some companies have decided that overt racism, sexism, anti-Semitism and other forms of bigotry violate what they've decided are reasonable terms of service. If users don't like it, there's always 8chan, Stormfront, Gab, Gettr, Truth Social, Parler.
- tekmate 4y ago
  but looking at it like that doesn't make people feel like they're some kind of freedom fighter (freedom to be bigoted trash)
- nemo44x 4y ago
  This is a great example of gas lighting right here. Dear Octonian, users were banned left and right for suggesting Covid was a lab leak or for making their case for why vaccines were problematic. It isn’t just banning if extreme ideas and race, sex, and religion. They banned the president of the United States. It’s about power and controlling the propaganda messaging apparatus.
  - dr-detroit 4y ago

thefourthchime 4y ago

The TLDR is that the OP thinks it's very "sus" that one of the founders for Reddit's latest Series F round is hard to find any information for. - The investor, Khaira Capital is run by "Jivteshwar Khaira" who is allegedly an 18yo "Wonderkid", his linked in just has a picture of a Rolex watch - The other "employees" of the company are also blank - The website is mostly blank - There are a few news articles about him, but two are duplicates, the one I read sounds like it was a PR publication. - There is someone called "Sukhpal Singh Khaira" who is allegedly a drug kingpin, no idea if they are related. As someone else said, it sounds like a wealthy family office.

benrapscallion 4y ago
FWIW, Khaira (more commonly spelled Khera) is a common North Indian surname. So simply googling Khaira and connecting to any other Khaira is in some ways like googling John Smith.
- deleted 4y ago
  [deleted]
mik3y 4y ago
Yeah, I tend to agree with the "anonymous family office" take (assuming it's even a legit investor - never heard of this viz Reddit's F) vs some shadowy state actor conspiracy. Thought it might be fun to pick over on HN nonetheless, because a big ~anonymous investor in a social network seemed interesting in light current events at $TWTR.

deleted 4y ago

[deleted]

nothing2see2 4y ago

Not a fake company, it's a family office. Most likely thing is it's a rich kid investing his parents' money. Also possibly it's a rich kid who got rich himself in EMEA so HN hasn't heard of him.

phendrenad2 4y ago

The company probably isn't fake, but this does bring up an interesting question: what's the point of forcing companies like reddit to publicly reveal their investors if their investor can be just a company name in a filing cabinet with no record of who owns it?

lmc 4y ago

Nice story, but BS. "Reddit’s latest Series F of $410 million dollars was funded by two lead investors. Fidelity Management and Research and Khaira Capital." The only source I could find that company is involved is crunchbase, which anyone can edit.

mik3y 4y ago
I agree with you. I should have looked a little more closely before the lazy crosspost, especially considering the 'source'..

lizardactivist 4y ago

It's a pro-American global community where very little that attempts to break the echo is allowed to remain visible. It wouldn't be surprising if there is U.S. gov money somehow coming into it via other less-obvious routes.

nceqs3 4y ago
You ever seen the front page? There is little to no "pro-American" content.
- 0des 4y ago
  - beamatronic 4y ago
    It depends on your definition of “America”. Do you mean “white Christians” or do you mean “all men are created equal”, separation of church and state, etc.
    - 0des 4y ago
      - beamatronic 4y ago
        Which country? Which America? There are two.
  - voakbasda 4y ago
    No, both parties are “pro-America”, but they each have vastly different ideas of what their America should look like. Theses parties are actively engaged in a civil war in the courts, which is increasingly spilling out into acts of violence. Meanwhile, many moderate Americans stand on the sidelines in total disbelief, as they both work destroy the principles on which the country was founded.
- 4y ago

happythebob 4y ago

That's stupid that a r/conspiracy post would end up here.

sophacles 4y ago

> In addition, two of these articles are identical, while supposedly having been written by 2 different people at 2 different news sources. Jasmine Andrade from Clear Publicist and Christopher Harpur of Daily Scanner somehow wrote identical articles about Jivteshwar on the same day. Or a press release went out and was republished by 2 different places. This happens often. Sometimes they'll get reworded and sometimes not. Edit: republished has 1 'l'

yangity 4y ago

Nothing to see here folks. From Reddit’s press release (https://www.redditinc.com/blog/reddit-secures-funding-to-continue-growth-plans https://www.redditinc.com/blog/reddit-secures-funding-to-con...): > We will raise up to $700 million in Series F funding, led by Fidelity Management and Research Company LLC. and including other existing investors, at a post-money valuation of over $10 billion.

kkfx 4y ago

I suggest another point of view: why companies like Reddit, but also Twitter, do exists? Does ads ONLY justify the invested amount of money? I bet anyone will answer: "surely not!" and than the point: why we do not came back to Usenet quickly instead of keeping up such services who happen to be unbalanced in usefulness terms?

CamelCaseName 4y ago

Original Thread (now deleted): Reddit is being funded by a fake company. Reddit’s latest Series F of $410 million dollars was funded by two lead investors. Fidelity Management and Research and Khaira Capital. Who is Khaira Capital? That’s a good question. They basically don’t exist. The CEO and CIO are listed as Jivteshwar Khaira. Finding information on Jivteshwar Khaira is very difficult. He is supposedly an 18-year-old boy genius, yet somehow has zero identifying photographs and almost zero information publicly available. His Linkedin profile is simply a picture of a Rolex watch and his account is set to private. In addition, Khaira Capital is listed on their Series F filing as having 51-100 employees, yet not a single one other than Jivteshwar has a profile on LinkedIn. The only contact information whatsoever is listed as the founder himself at j.khaira@khairacapital.com. The company’s website is https://www.khairacapital.com/ https://www.khairacapital.com/. It is mostly blank pages with zero information. I was only able to find 4 articles about Jivteshwar. Three of them were written on Jan 9, 2022. The other was written on Jan 10, 2022. What an odd coincidence that three completely independent news agencies wrote publications about Jivteshswar within 2 days of each other, shortly before Reddit received millions of dollars in funding from his company. https://www.dailyscanner.com/entrepreneur-inventor-wunderkind-and-philanthropist-jivteshwar-khaira/ https://www.dailyscanner.com/entrepreneur-inventor-wunderkin... https://www.clearpublicist.com/entrepreneur-inventor-wunderkind-and-philanthropist-jivteshwar-khaira/ https://www.clearpublicist.com/entrepreneur-inventor-wunderk... https://www.blackbirdnews.com/the-kid-philanthropist-jivteshwar-khaira/ https://www.blackbirdnews.com/the-kid-philanthropist-jivtesh... https://thehiltonian.com/jivteshwar-khaira-philanthropist-pledges-100m-usd-to-columbia-university/ https://thehiltonian.com/jivteshwar-khaira-philanthropist-pl... In addition, two of these articles are identical, while supposedly having been written by 2 different people at 2 different news sources. Jasmine Andrade from Clear Publicist and Christopher Harpur of Daily Scanner somehow wrote identical articles about Jivteshwar on the same day. In these articles, Jivteshwar is described as a boy-genius, a wunderkind, a self-taught engineer and philanthropist, yet somehow no photographs whatsoever of this amazing person could be found online. His accomplishments include: · Pledged $100M to Columbia University. · Funded 18 schools in countries with low income families in Indonesia, Bali and Chad. · Designed a prototype electric plane. · Maintains strong relations with people on Wall Street (misnamed as Wall Avenue in the articles) and in Silicon Valley. · While just a teenager, made a quantitative, very long-shorter equity tactic that runs an automatic basis on his laptop or computer. (No clue what this means, but that’s what is written) · Helped fund some nonprofits in Africa so that they could import covid vaccines and set up free vaccination clinics in low income neighborhoods. We calculate that his contributions have led to about 10,000 people getting vaccinated and about 20,000 free tests being administered. · organized groups and put together the funds to set up 22 free testing centres in northern India, along with 18 free vaccination clinics as a way to combat the pandemic. For this, he was awarded a commendation by the chief minister and governor of Punjab, and got to meet the prime minister All of these amazing accomplishments were reported within 2 days of each other, yet know information about this astounding individual can be found anywhere. In my research, I also googled "Khaira family corruption" and came across this article https://www.punjabnewsexpress.com/punjab/news/sukhpal-khairas-son-blamed-ed-for-conspiring-to-malign-intimidator-and-harrass-his-father-157289 https://www.punjabnewsexpress.com/punjab/news/sukhpal-khaira... which describes Sukhpal Singh Khaira as a drug kingpin. Is this a relation to Jivteshwar Khaira? I don't know, but it would describe where the money comes from. All in all, what is blatantly clear is that Jivteshwar Khaira and Khaira Capital do not exist. They are a fake company covering up where Reddit's money is actually coming from and some real investigation needs to be done about this.

93po 4y ago

Seems ridiculous to ban the user, remove the post, and lock the comment section. In a conspiracy theory subreddit of all places. This is like the perfect content for a subreddit like that. Once again proving that the moderation model of Reddit also completely ruins reddit 95% of the time

johannes1234321 4y ago

> The company’s website is https://www.khairacapital.com https://www.khairacapital.com. It is mostly blank pages with zero information. This is Larry Ellison's real estate and investment company: http://www.lawrenceinvestment.com/index.php http://www.lawrenceinvestment.com/index.php Waren Buffet's https://berkshirehathaway.com/ https://berkshirehathaway.com/ is also famous. Keeping somewhat low profile is quite normal for these investment firms.