9 years ago
8
Reddit to sell 10pc of company amid internal strife
The popular message board Reddit has agreed to a preliminary deal to sell 10pc of the company for US$50m at the same time it locks down attempts to share recent celebrity nude images.
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http://www.siliconrepublic.com
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IMO, reddit has made too many new hires. They're trying to diversify, but ultimately these employees are probably too expensive for an unprofitable company.
Instead, they should be focusing on their core product (i.e. the site itself) and better utilizing the talent they have. I've interacted with quite a few of reddit's devs, they're a sharp group of people.
Whoh, what happened? I haven't been on reddit for a while and don't really have plans to go back...
Admin hypocrisy again.
There was a huge celeb photo hack from icloud, and people posted it there. Reddit admins then removed the sub section where all that was being posted and people got pissed off. But it seems to have blown over now, as it always does.
I wonder how soon it will go down like Digg did?
Give it time, it will eventually.
Not for a while. They are currently probably 10-20x bigger than digg EVER was.
Yup, they were about the same size when Digg collapsed. And it's been 4 years since then, which is an eternity in the online world.