Conde Nast Buys Reddit
Posted on October 31, 2006
TechCrunch reports that Conde Nast, a magazine publisher with titles including Wired, Vogue and Glamour, has acquired the Reddit memedigger. TechCrunch says the four Reddit employees will be relocating to Wired's office in San Francisco.
All four reddit employees will relocate from Boston to Wired's San Francisco office and become part of Wired Digital. Reddit, founded and funded in 2005, is a YCombinator company (see our interview with YCombinator founder Paul Graham here). The two original founders are Steve Huffman and Alexis Ohanian, and they were later joined by Christopher Slowe and Aaron Swartz.It may not be a big surprise to those who know Conde Nast has been toying around with a Reddit-based memedigger called Lipstick. Lipstick focuses on celebrity gossip which is closer to the content of Conde Nast's fashion publications.