Reddit is the social news aggregation site that identifies itself as “The Front Page of the Internet/”
Reddit—which was founded by college roommates Steve Huffman and Alexis Ohanian in 2005—is owned today by Condé Nast, a subsidiary of the Advance Publications conglomerate which is owned by the Newhouse family publishing and news empire that dates back to the early twentieth century. Condé Nast acquired Reddit from its founders and others, including Aaron Swartz, in 2006 for an estimated $10 to $20 million.
Beginning in 2014, a series of private and institutional investors injected hundreds of millions of dollars into Reddit and transformed it into a multi-billion dollar enterprise. With just 500 employees and an estimated valuation of $3 billion, Reddit is one of the most valuable assets in Silicon Valley.
The presence of the billionaire Peter Thiel—cofounder of Pay Pal and right-wing technology advisor to the Trump administration—on the list of private investors in Reddit is an indication of the types of figures who are playing a role in the organization and directing its collaboration with main stream media 'trusted news source' censorship initiatives.
Due to the way that Reddit is organized—with subreddit moderators given autonomy in making decisions about the activity of users, posts and shared links—there is no way to know for certain what role, if any, is being played by the management or owners of the company in preventing the posting of ideas that challenge the main stream media narrative.
Frequently, subreddit moderators are Reddit users who sign up and volunteer for the role and are then granted significant authority over the activity of users within the community and the content that is posted there. The Reddit structure allows for different levels of moderators with various degrees of permission. The top level has “Full Permissions” including the ability to remove posts and ban users among many other rights.
https://archive.is/SUPh7
No comments:
Post a Comment