What are you talking about? There was no sale in 2018, much less to “a Chinese company”. AFAIK the last company that owned Reddit was Condé Nast (the purchase in 2006). Since 2011 they have been independent of Condé Nast. Since then, they’ve been reliant on venture capital.
Edit to add: Anderson Cooper’s calling out of Reddit for hosting the jailbait subreddit in 2011 is the impetus for it being taken down, not the sale of the company.
That’s very interesting. Tencent is not even hinted at in Wikipedia’s timeline of Reddit page. Also, when they say that Reddit was able to “operate independently of Condé Nast”, they’re being somewhat deceitful and implying they were independent. Advance Publications is only mentioned in the footnote/reference, and what they meant that Advance Publications is hands-off compared to Condé Nast.
Whenever there is fearmongering about China/Russia/communism, assume it is funny McCarthyist Cold War propaganda. No matter how small or big the claim is, use that thumb rule to avoid brainwashing.
What are you talking about? There was no sale in 2018, much less to “a Chinese company”. AFAIK the last company that owned Reddit was Condé Nast (the purchase in 2006). Since 2011 they have been independent of Condé Nast. Since then, they’ve been reliant on venture capital.
Edit to add: Anderson Cooper’s calling out of Reddit for hosting the jailbait subreddit in 2011 is the impetus for it being taken down, not the sale of the company.
Not owned by, but heavily invested in by Tencent.
I think that’s where the confusion lies, however it’s currently owned by Advance Publications.
That’s very interesting. Tencent is not even hinted at in Wikipedia’s timeline of Reddit page. Also, when they say that Reddit was able to “operate independently of Condé Nast”, they’re being somewhat deceitful and implying they were independent. Advance Publications is only mentioned in the footnote/reference, and what they meant that Advance Publications is hands-off compared to Condé Nast.
Tencent’s investment is peanuts. Here is a full breakdown of Reddit’s investors. https://lemmy.ml/comment/750332
Fair dues, I was going off what I had found online, which didn’t include a breakdown.
Whenever there is fearmongering about China/Russia/communism, assume it is funny McCarthyist Cold War propaganda. No matter how small or big the claim is, use that thumb rule to avoid brainwashing.