Comment on YSK: Condé Nast Parent Company is a Major Owner of Reddit, You Should Avoid their Publications (Wired, Ars Technica, GQ, The New Yorker, Vanity Fair, Vogue,...etc) as Much as Possible.

ragebutt@lemmy.dbzer0.com ⁨3⁩ ⁨days⁩ ago

Interesting fact: when lowtax was forced to sell somethingawful to one of his moderators that got bitcoin rich for 400k he revealed during the negotiations that conde nast attempted to buy somethingawful for 13 million dollars around 2006 or so. He turned them down because he “was still having fun with the site”

After the sale was completed the mod looked into it a bit more and realized in that same timeframe conde nast ended up purchasing a majority stake in reddit for a very similar amount

Imagine how different the internet would be if “the front page of the internet” was a hacked up vbulletin site from 2003 filled with 40 year old IT dorks and run by a guy that was so afraid of paying child support that he literally killed himself

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