Reddit Might Be Worth $240 Million
Reddit, a site so schizophrenic it can host a chat by President Barack Obama alongside links to cat videos and porn, attracts about 3 billion page views a month. For site that is little more than a collection of message boards, it’s insanely popular. So naturally, people want to know what the site — which is owned by Advance Publications— is worth.
According to Forbes, the number is $240 million:
Advance has recapitalized Reddit, taking the site out of its Conde Nast division and allowing Reddit employees to own a sizable minority of newly issued stock.
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