From the other posted article it looks like it will make it easier for them to start selling it off...
"The move comes after Conde talked to several investors about selling off a chunk of the company as part of the spinout;"
"The move comes after Conde talked to several investors about selling off a chunk of the company as part of the spinout;"
Reddit doesn't need more money, it needs to be brave, slap up some real advertising, and start generating real revenue.
A website that does 100m pageviews, but makes $10m/yr profit is better than one that does 500m pageviews but makes no profit.