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Read this Reddit thread from 8-years ago. https://old.reddit.com/r/AskReddit/comments/3cs78i/whats_the_best_long_con_you_ever_pulled/cszwpgq/?context=99 https:

• re 3y ago
  When did Conde Nast/Advance Publications lose majority shareholder status for Reddit? That comment discusses it happening in 2015, but I've seen mixed citations for later dates, some claiming it still holds a majority stake. 2017: https://www.vox.com/2017/7/31/16037126/reddit-funding-200-million-valuation-steve-huffman-alexis-ohanian https://www.vox.com/2017/7/31/16037126/reddit-funding-200-mi... 2023: https://www.cnbc.com/2023/06/01/reddit-eyeing-ipo-charge-millions-in-fees-for-third-party-api-access.html https://www.cnbc.com/2023/06/01/reddit-eyeing-ipo-charge-mil... 2024: https://www.forbes.com/sites/tylerroush/2024/01/18/reddit-planning-ipo-launch-in-march-report-says/ https://www.forbes.com/sites/tylerroush/2024/01/18/reddit-pl... On the other hand, Wikipedia claims without source that AP has a 30% stake in Reddit: https://en.wikipedia.org/wiki/Advance_Publications https://en.wikipedia.org/wiki/Advance_Publications
• refurb 3y ago
  Don't forget the ability to spin past successes that were simply stumbled upon into a crafty narrative of where they planned the whole thing.