Conde Nast's Reddit asks readers for help

Jul 12, 2010

(AP) -- Though it's owned by deep-pocketed media company Conde Nast, Reddit needs money, and it's turning to its loyal audience for help.

Reddit, which Conde Nast's Wired Digital bought in 2006, lets readers post links to articles, blogs, photos and other . They can then click on arrows to push the links up and down the site's rankings.

Reddit needs to buy more and to hire a developer and a full-time Web designer. It says it won't get that money from Conde Nast because the site doesn't bring in enough ad revenue.

In a blog post, Reddit's Mike Schiraldi writes that the site's four engineers - which include himself - work full time and on many evenings and weekends "just to keep things going."

Explore further: Facebook goes retro with 'Rooms' chat app

1 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Web site runs elaborate Secret Santa gift exchange

Dec 17, 2009

(AP) -- 'Tis the season for heart-melting tales of spontaneous good will among strangers, which, like the rest of our relationships, has gotten a lot more convenient since the advent of the Internet.

Major layoffs loom at Time Inc.: reports

Oct 30, 2009

Time Inc., publisher of Time, Fortune, Sports Illustrated, People and other magazines, plans to lay off some 540 employees starting next week, or six percent of its workforce, The New York Post reported Friday.

Publishers see signs the iPad can restore ad money

Jun 03, 2010

(AP) -- Good news for the news business: Companies are paying newspapers and magazines up to five times as much to place ads in their iPad applications as what similar advertising costs on regular websites.

Recommended for you

Facebook goes retro with 'Rooms' chat app

14 hours ago

Facebook on Thursday released an application that lets people create virtual "rooms" to chat about whatever they wish using any name they would like.

Some online shoppers pay more than others, study shows

15 hours ago

Internet users regularly receive all kinds of personalized content, from Google search results to product recommendations on Amazon. This is thanks to the complex algorithms that produce results based on users' profiles and ...

Twitter looks to weave into more mobile apps

Oct 22, 2014

Twitter on Wednesday set out to weave itself into mobile applications with a free "Fabric" platform to help developers build better programs and make more money.

Google unveils app for managing Gmail inboxes

Oct 22, 2014

Google is introducing an application designed to make it easier for its Gmail users to find and manage important information that can often become buried in their inboxes.

User comments : 0