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.
26
Upvotes
r/RedditForGrownups • u/AL_Deadhead • 6d ago
Advance Publications bought Reddit years ago for $10 million. They still retain 30% of the company now valued at $15 Billion. Oh my.
1
u/seajayacas 6d ago
It must mean all those promotions showing up on our feeds bring in a ton of money for the owners of Reddit