[ww520]

I remember before Reddit was moved to an independent subsidiary, there were tension between Conde and Reddit on how to increase the revenue or profit (were they ever profitable?) At one time, the site was crashing frequently due to lack of infrastructure capacity. They were forced to try different things to make money, like Reddit Golds, ad placement, etc.

I think Conde had realized later on that Reddit can become like Craigslist where while it won't be squeezed every ad dollar out of it but it will become enormously profitable and prominent in the web.