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.
Talaraine@fedia.io 7 months ago
I believe they call that out in the article.. the parentheses look like a late addition though?
astraeus@programming.dev 7 months ago
Not only a late addition, but purposefully not clarified or explicitly stated at the beginning, or even at the end, of the article. This is like fine print, but tucked into the content of the article so that you have to read the entire piece to get that information. Even then, if you are in the midst of the article you might not even consider how it impacts the framing.
Hello_there@kbin.social 7 months ago
Like, could you imagine this article ending on a 'dont touch this dumpster fire of a stock' line? Conde nast would not allow that.
The article was so glowing at the end it almost swayed me until that realization
Dymonika@beehaw.org 7 months ago
Quick, how do we short it?