Comment on Can Reddit—the Internet’s Greatest Authenticity Machine—Survive Its Own IPO?

astraeus@programming.dev ⁨7⁩ ⁨months⁩ ago

Is Wired owned by Advance? The answer is yes. Condé Nast is a subsidiary of Advance. Advance has a 30 percent stake in Reddit.

This is why they call it “the Internet’s Greatest Authenticity Machine” because we know there’s nothing authentic about that cesspool. There’s even less authenticity behind a biased news article framing itself as disconnected from the subject. Not once do I see mention of Wired’s relationship to Reddit, if your owner has a 30% stake you should disclose that.

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