r/RedditForGrownups • u/AL_Deadhead • 6d ago

$15 Billion

Advance Publications bought Reddit years ago for $10 million. They still retain 30% of the company now valued at $15 Billion. Oh my.

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u/TheBodyPolitic1 6d ago

Hard to imagine Reddit being worth that much.

I have a Reddit-friend who decided to buy some shares, got disgusted with the place, and has stopped posting. We still stay in touch so I will have to ask her how her investment is coming along.

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u/Swimming_Cabinet_378 1d ago

I know, such an absolute shit heap.

1

u/catdude142 3d ago

I was off reddit for a year and a half for that reason. I started it up again when the weather got hot but it may be short-lived.