Wow, good for them.
Reddit is a social news site similar to digg, and apparently they were acquired this morning by the same company that owns Wired, Condé Nast.
Reddit is a Boston-based company that was founded by 2 guys in 2005, and has expanded since then to a whopping 4 employees. Reddit was funded by Paul Graham’s YCombinator, which is a venture capitalist firm that specializes in “funding early stage startups”.
Congratulations guys!
Tags: acquisition, reddit, social news, web 2.0
