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Reddit CEO Steve Huffman on blackout: It's expensive to run a company. (www.npr.org)

submitted 1 year ago by chemical_cutthroat to c/[email protected]

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"It's time we grow up," says former moderator of jailbait subreddit.

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[–] [email protected] -3 points 1 year ago (1 children)

From what I remember, jailbait getting taken down was either what they did right before or right after reddit got sold to whoever. And then, iirc, in 2018-ish they got bought by a Chinese company.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

What are you talking about? There was no sale in 2018, much less to "a Chinese company". AFAIK the last company that owned Reddit was Condé Nast (the purchase in 2006). Since 2011 they have been independent of Condé Nast. Since then, they've been reliant on venture capital.

Edit to add: Anderson Cooper's calling out of Reddit for hosting the jailbait subreddit in 2011 is the impetus for it being taken down, not the sale of the company.

[–] [email protected] 6 points 1 year ago (2 children)

Not owned by, but heavily invested in by Tencent.

I think that's where the confusion lies, however it's currently owned by Advance Publications.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

That's very interesting. Tencent is not even hinted at in Wikipedia's timeline of Reddit page. Also, when they say that Reddit was able to "operate independently of Condé Nast", they're being somewhat deceitful and implying they were independent. Advance Publications is only mentioned in the footnote/reference, and what they meant that Advance Publications is hands-off compared to Condé Nast.