Reddit spins out, sort of
Reddit, the community-curated site that's picking up the pieces that Digg dropped, today announced that it's spinning out from the company that acquired it, Conde Nast. Sort of.
Reddit is moving up a notch in the org chart. No longer will it be a part of Conde Nast, which publishes among other things, Wired, Vanity Fair, GQ, and Ars Technica. Instead, Reddit becomes an independent company under Advance Publications, which owns Conde Nast.
By becoming a bigger wheel, Reddit General Manager Erik Martin (see his blog post) says, the site will be able to "go back into … Read more