4 ms·
It has grown quite a bit. It doesn't make much money, so it's probably more of a side project for Nast.
by t0 13y ago
It has grown quite a bit. It doesn't make much money, so it's probably more of a side project for Nast.
- minimaxir 13y agoYishan made a post (which I can't find) that Reddit is not making much money, if any, which is why they're pushing Reddit Gold more recently. Any other traditional revenue streams (like more aggresive advertising) will annoy the Reddit userbase, so it's a dilemma.
- sage_joch 13y agoThey have an asset that has become an integral part of the culture, and I don't think that's an understatement. How much would something like that go for on the open market today?
- minimaxir 13y agoThis particular asset has become an integral part of culture for good and bad reasons. (i.e. the Boston Bomber misidentification incident) Reddit has a lot of risk compared to FB and Twitter, even with their own misforgivings.
- maxerickson 13y agoIt's actually a sister company to Conde Nast, owned by Advance Publications: http://en.wikipedia.org/wiki/Advance_Publications http://en.wikipedia.org/wiki/Advance_Publications