They were spun off as an independent company, but Advance Publications still has a large amount of equity in Reddit. I think it's because Reddit wanted to try a bunch of things that were too risky for AP.
I know they spun off Condé Nast, but according to that they're still owned by Advance Publications. I'm looking for info about them being completely separate.
They were spun off as an independent company, but Advance Publications still has a large amount of equity in Reddit. I think it's because Reddit wanted to try a bunch of things that were too risky for AP.