• GrindingGears
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    1 year ago

    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.

    • Givesomefucks@reddthat.com
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      1 year ago

      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.

      • joystick
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        1 year ago

        Wild - Conde Nast also absolutely tanked the Bon Appetit YT channel. I had no idea they had purchased Reddit