> Condé Nast Publications, owner of Wired, acquired Reddit on October 31, 2006, and the team moved to San Francisco.
> On September 6, 2011, Reddit became operationally independent of Condé Nast, now operating as a separate subsidiary of its parent company, Advance Publications.
Condé Nast is essentially a share holder, not an owner. They do not have a board seat. They have no voice. They have no avenue for influence. Like, at all.
> On September 6, 2011, Reddit became operationally independent of Condé Nast, now operating as a separate subsidiary of its parent company, Advance Publications.
https://en.wikipedia.org/wiki/Reddit