#1 ·
Regarding the terms of service, they’ve been cleverly designed so you can't even ask a direct question within the thread itself:
http://www.reddit.com/showthread.php?t=415879
It claims this: "Reddit is the private property of Internet Monitor. Most of the Reddit editorial staff are volunteers selected to perform this role."
The thing is, I can't find any such company. There's a news portal with that name, sure, but no actual corporation. The only entity that exists is Reddit, Inc., but there are no public financial statements available for them:
http://www.sec.gov/edgar/searchedgar/companysearch.html
Since this site has been around for ages, and I work in IT so I know how much money moves through advertising revenue (http://www.adweek.com/advertising-media-trends-and-data); I really need an explanation regarding who actually runs this place, and what kind of transparency we're looking at when it says: "Most of the Reddit editorial staff are volunteers."
Does that part still hold true? I mean, are these people seriously volunteering for years for a massive, established business entity—or so we're told—that essentially shapes a huge chunk of the media landscape in the USA while generating massive amounts of cash?
Second, if everything is supposedly transparent, why isn't the exact legal name of the parent company listed in the terms of service?
I'm asking for clarification here—as a user of your services. Best regards
http://www.reddit.com/showthread.php?t=415879
It claims this: "Reddit is the private property of Internet Monitor. Most of the Reddit editorial staff are volunteers selected to perform this role."
The thing is, I can't find any such company. There's a news portal with that name, sure, but no actual corporation. The only entity that exists is Reddit, Inc., but there are no public financial statements available for them:
http://www.sec.gov/edgar/searchedgar/companysearch.html
Since this site has been around for ages, and I work in IT so I know how much money moves through advertising revenue (http://www.adweek.com/advertising-media-trends-and-data); I really need an explanation regarding who actually runs this place, and what kind of transparency we're looking at when it says: "Most of the Reddit editorial staff are volunteers."
Does that part still hold true? I mean, are these people seriously volunteering for years for a massive, established business entity—or so we're told—that essentially shapes a huge chunk of the media landscape in the USA while generating massive amounts of cash?
Second, if everything is supposedly transparent, why isn't the exact legal name of the parent company listed in the terms of service?
I'm asking for clarification here—as a user of your services. Best regards