all 27 comments

[–]PatDaddysFShack 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (5 children)

Of course AP owns it. Their genocidal activities have been well documented.

[–]genderequality 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

isnt the AP the entity that keeps announcing that joe biden is the president elect? and they also own reddit? how very convenient.

[–]justjoggin 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

I think you’re thinking of the Associated Press, not advanced publications.

[–]genderequality 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

yeah, my bad, i didnt know who they were talking about when they said AP, maybe when they mean advanced publications they should say advanced publications, since the abbreviation AP tends to be associated with the Associated Press when discussing media.

oh well.

[–]justjoggin 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yeah it threw me for a second too.

[–]PatDaddysFShack 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Maybe you should ask questions and avoid judgment. You fool.

[–]genderequality 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

i am an amateur regarding this topic, but it is my opinion that profit and value are two different but closely related topics.

even if reddit does not turn a profit, it still might be of value and might serve some purpose that is much more valuable than any advertising might ever be worth.

to control the world requires that we must control the people, the masses, we must create a mass confusion so that they are not in control of themselves.

reddit has value.

second issue, again i am no expert on this topic, but i do believe that the above chart posted by the OP is purely worthless. i believe that if i were a four foot tall cambodian citizen multi billionaire that i could own a sizeable share of reddit stock and it would be registered as being owned by a united states citizen.

i believe that it is not that big of a deal to hide who owns shares in a corporation.

[–]wuzizname 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (10 children)

Still hasn’t turned a profit. Like not at all in all these years.

[–]IridescentAnaconda 15 insightful - 2 fun15 insightful - 1 fun16 insightful - 2 fun -  (1 child)

It doesn't need to. It just needs to serve as a platform for propaganda.

From the perspective of the deep deep pockets that own almost everything, Reddit is a service worth paying for.

[–]madcow-5 11 insightful - 1 fun11 insightful - 0 fun12 insightful - 1 fun -  (0 children)

This. A lot of social media is a tool for influence, not a profit maker.

[–]magnora7[S] 15 insightful - 2 fun15 insightful - 1 fun16 insightful - 2 fun -  (3 children)

It's a paid propaganda service. It makes money from corporations paying it to broadcast their specific propaganda. It's okay that it's a money loss overall, because the purpose is to push propaganda on to the masses, not to make money.

[–]AFutureConcern 10 insightful - 2 fun10 insightful - 1 fun11 insightful - 2 fun -  (1 child)

Yes, exactly. I think people need to change their mindset from "all these companies want to do is make money" to "all these companies want to do is push their agenda". Having power and reshaping society is the goal of having lots of money anyway; it's the root of their desires. If all they wanted to do was turn a profit they wouldn't engage in the level of censorship that they do.

[–]magnora7[S] 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

Exactly. Then they make the money back later too as people adjust their spending and working habits based on what the propaganda tells them.

[–]jet199 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

Even newspapers like The Guardian have started taking cash to print certain stories.

I was curious why a left-leaning publication like The Guardian has so enthusiastically and persistently covered this debate from almost entirely one side. So, I wrote the newspaper’s press office to inquire about the “Supported by Open Society Foundations” statement indicated on The Guardian’s website under its “Genderqueer generation” series. I was sent a very quick response informing me that the “Open Society Foundations made a grant to The Guardian for reporting on gender equality, not specifically for that series.” I then asked The Guardian to confirm what I had found on the its website regarding OSF funding. The Guardian verified that they had received a $250,000 one-year grant from the OSF last Fall. 

https://savageminds.substack.com/p/whats-driving-authoritarianism-today

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (2 children)

Amazon didn't either for years.

[–]wuzizname 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

For 15 years? Amazon was profitable before that.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Looks like it took 6 years for Amazon. What would you pay to be the world's most popular online retailer? Same deal with reddit except owning the most popular forum is way more lucrative. You can control what people think instead of just peddling Chinese junk.

[–]jet199 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

That's called tax avoidance.

[–]Jesus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (5 children)

Where would newhouse be located in this pie chart?

[–]magnora7[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

I don't think they're associated with reddit anymore, not sure though

[–]Jesus 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (3 children)

Advance Publications, Inc. is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and S.I. Newhouse Jr.It is named after the Staten Island Advance.

[–]magnora7[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

Oh I see, I thought you were referring to a corporation called Newhouse, my fault.

So yeah the Newhouse family owns at least 70% of reddit according to that chart.

I wonder if the Newhouse family is friendly with the CCP. I imagine they'd have to be

[–]Jesus 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

Maybe, who knows. They are frinedly with Israel. I know that a few CCP aligned companies gave reddit money, so they might be censoring what all their shareholders ask them to censor.

[–]magnora7[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Yes I wonder about that relationship exactly. Same with the Dubai interest. I haven't seen anything bad about Dubai on reddit in a while now that I think about it...

[–]fred_red_beans 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

advance = newhouse = rothschild

[–]Jesus 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Ahh, okay, advance is newhouse which is owned by a Zionist Jew. I thought China owned reddit? Guess not.