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"owned by a multinational media conglomerate" What?
by glibgil 11y ago
"owned by a multinational media conglomerate" What?
- joshstrange 11y ago> Condé Nast Publications, owner of Wired, acquired Reddit on October 31, 2006, and the team moved to San Francisco. > On September 6, 2011, Reddit became operationally independent of Condé Nast, now operating as a separate subsidiary of its parent company, Advance Publications. https://en.wikipedia.org/wiki/Reddit https://en.wikipedia.org/wiki/Reddit
- glibgil 11y agoCondé Nast is essentially a share holder, not an owner. They do not have a board seat. They have no voice. They have no avenue for influence. Like, at all.