CNN to buy Mashable for $200 million +

Re:CNN to buy Mashable for $200 million + by freehunter on Monday March 12, 2012 @08:41AM (#3693210)

And saw no return, put next to no effort into improvements, and later spun them back into the wild.

And in the meantime, reddit's community was completely unaffected by the changing of hands.

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Re:CNN to buy Mashable for $200 million + by drx on Monday March 12, 2012 @10:25AM (#3693604)

Reddit is now worth at least ten times as much as when it was acquired.

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Re:CNN to buy Mashable for $200 million + by freehunter on Monday March 12, 2012 @10:33AM (#3693638)

True, but this wasn't the doing of Conde Nast, nor did Conde Nast see this 10x increase when they pushed reddit out on its own. Reddit's growth was organic.

Last I heard, CN still owns reddit even though the site now operates independently, so CN still has the chance to recoup their investment, but this will take a more profitable business model without sacrificing user trust. Valuations on sheer page hits or user counts are faulty with a capital F U if you can't figure out how to make money from them.

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Re:CNN to buy Mashable for $200 million + by mburns on Monday March 12, 2012 @12:27PM (#3694147)

It doesn't matter if it was Conde Nast's doing. They made an investment in a new media property, and it has seemingly gone splendidly with little to no 'fallout' from having a corporate overlord owning a community site.

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Re:CNN to buy Mashable for $200 million + by suking on Monday March 12, 2012 @10:07AM (#3693524)

Reddit could make a fortune - they just don't try very hard. We'll see what the next CEO does. But if profit was a concern for Conde Nast it wouldn't be hard to deliver it.

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