Condé Nast finally throws Reddit a bone, new hires coming

It doesn't sound like CN has really changed their attitude much. The news in this blog post is fantastic! But it sounds like the money is coming from Gold subscribers, not CN. Reddit is either already bigger than Wired - or probably will be soon...they have &#62; 1 billion pageviews / month. It's totally crazy that they run the site with about 5 people.<p>I've been there for almost five years, and I have to say I've loved every minute of it. Back then it was smaller and nerdier, and now it's all big and popular but you can still find the same cozy space in the smaller communities (/r/coding, /r/compsci, for example).

Hmm, I wonder if this announcement comes on the heels of momentum where users are not renewing the gold subscriptions. I'm not sure of that and I'm purely speculating, but I think the average initial subscription amount was about $10 and those would expiring around now. Just guessing.<p>This sort of action would be a good way for CN to rope back in any doubters that their $$ will benefit the site.<p>edit: I know they indeed beefed up investments in hardware and I was referring to hiring more devs.

I wish there was a way for these guys to disengage from the Death Star and go independent. It doesn't seem like living inside CN has a ton of advantages anyway.<p>Maybe the ultimate Reddit community project would be to raise a large amount of capital to buy the site from CN.

...and Reddit is currently down (well, in emergency read-only mode). :(

i am trying to be generally optimistic, but it seems pretty likely that Conde Nast is going to eventually want to monetize the reddit community in ways that no one will like. without some sort of payoff at the end of the road, i can't imagine why they'd agree to additional hires.

The engineering team at Reddit manages 250M pageviews per engineer. That has to be some kind of record. Has any other site ever hit the Alexa 100 with only 4 engineers?<p>Kudos.

This is indeed great news, but I can't believe what CN has done to this company. Well, I actually can because I worked at CN for 4 years and saw extremely little investment in long-term digital strategy. There were a lot of tricks being thought of to try to get an edge, but they still have too many print dinosaurs who are terrified of losing their jobs calling the shots. And I'm not saying these print dinosaurs couldn't very easily evolve and learn what they need to learn and be what the publisher needs to stay afloat. I'm saying there's this cloud of fear looming over everyone's heads there that's suffocating any potential for innovation.

Reddit has been down for two days maybe that was the kick in the pants they needed.