Status update: Reddit's Ohanian motivated by 'rounding error'
Status update: Reddit's Ohanian motivated by 'rounding error'
- January 29, 2014
- The Reddit co-founder event is featured by Bloomberg Businessweek January 29, 2014
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From Bloomberg Businessweek:
Alexis Ohanian, co-founder of Reddit, told a standing-room-only crowd at UC Irvine
last Wednesday how a Yahoo executive dismissed the website years ago as "a rounding
error." About 16 months later, Ohanian and co-founder Steve Huffman sold Reddit to
publishing giant Conde Nast Publications, for a reported $10 million to $20 million.
The site is now worth as much as $240 million, according to Forbes.
For the full story, please visit http://investing.businessweek.com/research/markets/news/article.asp?docK....
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