It's been operationally independent since 2011: http://www.redditblog.com/2011/09/independence.html
Re:Happy 10th birthday to us
by codingdave on Tuesday June 23, 2015 @07:56PM
(#9768635)
It is an interesting definition of independent - they are still owned by another company, and have a minority on the board of directors.
Sure, they are off-leash now, and have been for years. And that may even be the long-term intent. But if someone owns you, they can always change the status quo.
> Reddit is owned by a billion dollar company, and does not need to be profitable.
Tell that to Myspace. A property as expensive as reddit has to have a clear road to profitability or it's going to get the axe. Conde Nast isn't running a charity.
Conde Nast isn't running anything. IIRC, Reddit split off from them some time ago.
How many board seats do they still have?
Contrary to popular belief Reddit is not some grass-roots operations.