petition signatures, 8 million calls and 4 million e-mails. Reddit's visitor traffic was so feeble at first that the founders spent hours posting content under a variety of fake names. Brutsch closed his main Reddit account as his pseudonym Violentacrez was being exposed. "We're not imposing anything on them." As he sees it, sustainable communities usually figure out how to minimize bad actors' taint. When mainstream companies buy hot young digital properties, it's often a story of faux hipsters walking into trouble. Within months a tech-savvy user base began to build. One answer would be to look at its market value per user, a method often used by venture capitalists and stock pickers. Value Reddit strictly on the basis of its skimpy current revenue and its inability so far to turn a profit, and the site probably falls short of even 50 million. Exclusive, content, high Quality, hD, cancel, anytime.
Those calculations imply that Reddit is already on track to be worth at least 240 million. Witness the New York Times.'s stumbles with m, Microsoft's.2 billion writedown after snapping up the aQuantive digital ad business and the biggest horror show of them all, Time Warner's ill-fated hookup with AOL in 2000. Delaware a few months ago. A software engineer by training, he gained renown for his opinionated wit and skill in managing developers at PayPal and Facebook. "I can see why some CEOs crack under the pressure.". Ohanian created a zany aura, doodling up a goofy red-eyed alien named Snoo that became Reddit's logo.
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Yelp is at 17, Pinterest. Now Advance could be looking at a 30-to-1 jackpot on a fast-growing property that's arguably worth 240 million or more. If Advance owns two-thirds of Reddit, a guess that informed people don't dispute, then the New York publishing company's original 5 million purchase could yield a windfall of 160 million or more someday, for a 30-to-1 or better payoff. The results aren't nearly as polished as a People magazine profile, but there's a candor and unpredictability to each AMA that elicits millions of page views. Most of the time you end up protecting-or appearing to protect-someone that everyone hates.". For your safety and privacy, this link has been disabled. The site was started in 2005 by two fresh University of Virginia graduates, Alexis Ohanian and Steve Huffman, after they couldn't finance a previous brainstorm: an online food-ordering site. If there's any common denominator to the Reddit crowd, it's a posture of libertarian, antibullying vigilance. He sketched out a takeover proposal that would put cash in the founders' pockets while letting them dial back their hours.