Conde really doesn't know what to do with reddit. They probably acquired it "knowing" they had to have something in "the social media space" (the acquisition predates the salesman's current buzzword of the hour, "the cloud") so they could compete in the "digital age" and all of that, but since they've acquired it my understanding is they've basically starved it and reddit has been running on fumes until they implemented Reddit Gold last summer. They're keeping it because they think they need something on this new-fangled internet stuff, but they don't what to do with it, and it's not generating much revenue, so they're just trying to leave things alone until they figure out something.

Note that this is just speculation based on what I've read, I don't have any inside knowledge.

I think a large company such as conde nast has a problem with engineering talent retention -- hence the move to AWS maybe?