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[–] RabidRaccoon ago 

http://www.bloomberg.com/news/features/2015-08-06/reddit-a-nine-year-case-study-in-absentee-management

As for Reddit’s new backers, they seem inclined for now to follow Condé Nast’s example. “We ask that the company make enough money to break even, with plus or minus $5 or $10 million a year,” says Altman, the Reddit investor. “Monetization is not a big focus. The company has a lot of cash in the bank.”

Implying Reddit is now losing more than $10M per year. Seriously, what good are smug Silicon Valley types like Altman, Ohanian and Huffman if they can't make money out of millions of users?