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He also posted this little bit of bridge-burning - https://www.reddit.com/r/AskReddit/comments/3cs78i/whats_the_best_long_con_you_ever_pulled/ct0ho6z?context=3

• deelowe 11y ago
  It's not secret there was tremendous pressure to get from underneath Conde Nast. There had to be some leverage to make them decide to just hand over the keys to the kingdom like that. I've been curious ever since it happened what the specific details of the deal were.
  • x0x0 11y ago
    what leverage did they really need? Reddit never made any profit and was clearly not on the path to making any. Therefore, conde nast might as well take a flyer in the hopes of turning a loss-making asset into a revenue-making asset.
    • deelowe 11y ago
      My point was simply that the details of the conde nast deal weren't shared afaik. You don't just cut and run from a company valued at >$200m (at the time) even if it's currently in the red.