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Conde Nast refuses to run Prop 19 ads on reddit

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Re: Conde Nast refuses to run Prop 19 ads on reddit

#31

Post by bluelu »

pbhjpbhj wrote: post #10
michael_dorfman wrote: post #7

Earlier quoted context omitted.

Nope; it confirms that the Reddit guys and their Conde Nast overlords don't see eye-to-eye on a lot of issues, and that Reddit is not given the freedom (or resources, apparently) to run itself as it sees fit.

That's kinda my point - if reddit can not be allowed the freedom then CN (or AP or the Newhouse Family) have control over reddit and not reddit themselves. The donations requested are thus donations to the billionaire Newhouse cause and not to an independently run reddit. That's just how it appears to me.

CN bought reddit so they can do whatever they want to do with reddit. Either you take the cash or you leave it.

Re: Conde Nast refuses to run Prop 19 ads on reddit

#32

Post by bluelu »

ars wrote: post #24
famousactress wrote: post #9

The fact that they're running them for free is kinda interesting. Going from corporate censoring the ads, to reddit essentially giving the campaign a huge contribution. It'll be interesting to see what the fall-out from this is.

If I were Conde Nast, the fallout would be firing them, and yes I'm aware this may kill reddit. You were bought. Reddit does not belong to you, and you don't get to decide what to do with it. If you can't handle that then you should never have sold, or in this case you should quit.

I completely agree with you. Either you take the cash or you don't. But if you take the cash, you shouldn't be mourning afterwards about not having enough money (while spending close to 1/2 million a year on ec2) and not being able to decide which ads you run on the site you simply don't own anymore.

Re: Conde Nast refuses to run Prop 19 ads on reddit

#37

Post by staunch »

tullius wrote: post #23
tomjen3 wrote: post #19

Earlier quoted context omitted.

Condo is a company that exist for one single reason - to make as much money as possible for their share holders. That is their legal requirment, so if they don't do that and leave money on the table they open the self up to liability from their share holders.

They are a private company owned by the Newhouse family. They can do what they want.

Public or not the officers still have a fiduciary responsibility to those shareholders. Not that there's any concrete way to argue that this issue has anything to do with fiduciary responsibility.

Re: Conde Nast refuses to run Prop 19 ads on reddit

#39

Post by mahmud »

thought_alarm wrote: post #36

Gentlemen, if you disable you ad blockers and visit Reddit you will see that the Prop 19 advert is now visible. Ahh, green; the color of money.

They're running the ads for free.

"Since we're not allowed to benefit financially, reddit is now running the ads for free."

Re: Conde Nast refuses to run Prop 19 ads on reddit

#40

Post by kevinpet »

points wrote: post #28
malbiniak wrote: post #11

Since we're not allowed to benefit financially, reddit is now running the ads for free. Nice hack, reddit.

It's farcical. It's just circlejerking. The idea that advertising pro-prop19 to Reddit would have made any sense in the first place is just ridiculous given that they're all pretty much uniformly in favor of it. It's fun to watch them run around being outraged boycotting and generally wasting their own time though.

Preaching to the choir is a great way to solicit contributions.
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