[ sourced from The Verge ]
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Does this corporation have a board? What the fuck are they doing exactly? I mean it’s private, so it’s probably just a bunch of buddies, but there’s been a ton of seed funding at Reddit, no? Like wouldn’t these venture capitalists care? Clearly not, but this is definitely getting comical. What a fucking disaster. This is going to be textbook business class case material for years to come.
9 points
They sold to Conde Nast, a giant media conglomerate.
Conde transferred ownership one level up the food chain. So the people in charge aren’t used to any kind of media, let alone social media.
3 points
