Who owns Reddit?
Well, through a bunch of shell companies, it’s Mainstream Media!
The history of its founding and ownership helps to inform us what the company was, and how it developed into the showbiz-oriented mainstream media discussion platform it is today.
¶ Advance Publications is a prominent media company that has holdings in several industries, including cable television, newspapers, and magazines.
¶ Through its holding companies, Advance Publications has significant ownership in companies such as Charter Communications, Discovery, and Condé Nast. Reddit is one of its more prominent digital media holdings.
People, places and things are “upvoted” and “downvoted” on Reddit according to proprietary algorithms behind the scenes, where all is judged on a basis of bread-and-circuses profit potential for the Mainstream Media showbiz establishment conglomerate.
Reddit on Yahoo Finance
With no real profits booked so far, the company is more about power than money, namely, the power to manipulate public perceptions and engineer social interactions, as is the case of other social media platforms and the desire of governments as well as fourth-estate media to seize and gain control of them and the people who post on them.