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
-----
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....
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightAre American voters actually gloomy about the economy, or is something else going on?
- Careet RightIs this the end for Trump's princelings? Or just the start?
- Careet RightHousing the public good
- Careet RightThe Fed's arbitrary 2 percent inflation target and a more accountable monetary policy
- Careet RightA life in dialogue