[sergiotapia]

Reddit is owned by a billion dollar company, and does not need to be profitable. Especially with all the marketing going through the front page every single day, it's an advertisers paradise. I don't think they're hurting for money.

Contrary to popular belief Reddit is not some grass-roots operations.

[minimaxir]

It's been operationally independent since 2011: http://www.redditblog.com/2011/09/independence.html

[codingdave]

It is an interesting definition of independent - they are still owned by another company, and have a minority on the board of directors.

Sure, they are off-leash now, and have been for years. And that may even be the long-term intent. But if someone owns you, they can always change the status quo.

[aspir]

> Reddit is owned by a billion dollar company, and does not need to be profitable.

Tell that to Myspace. A property as expensive as reddit has to have a clear road to profitability or it's going to get the axe. Conde Nast isn't running a charity.

[Karunamon]

Conde Nast isn't running anything. IIRC, Reddit split off from them some time ago.

[jackieDQ]

How many board seats do they still have?

[glibgil]

Zero