Uh-Oh, You're Not Supposed to Ask Questions Like That, Ted!
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One step further, China
While China is undoubtedly a big investor in these media companies, I haven't been able to find any evidence of them owning a portion of Advance. I'm not saying there isn't mind, only haven't found any evidence of it. Advance has had sort of a free ride this whole time, quietly working against us in the background, I can't get any traction to getting people to shine a spotlight on 'em. They are definitely part of the problem though.
Didn't tencent buy into the parent company? Or just direct into reddit?
They bought like 5% of Reddit.
They were part of a group that bought 10% for $300,000,000
Condé Nast Publications acquired the site in October 2006.
In 2011, Reddit became an independent subsidiary of Condé Nast's parent company, Advance Publications.
In October 2014, Reddit raised $50 million in a funding round led by Sam Altman and including investors Marc Andreessen, Peter Thiel, Ron Conway, Snoop Dogg, and Jared Leto. Their investment valued the company at $500 million then.
In July 2017, Reddit raised $200 million for a $1.8 billion valuation, with Advance Publications remaining the majority stakeholder.
In February 2019, a $300 million funding round led by Tencent brought the company's valuation to $3 billion.
He doesn't sound jewish Samuel Irving Newhouse Jr.
china does not always have to be a key playing in this global take over. You are having to narrow of a view. need to pull back and ask yourself who are the real big players in the one world order.