Is ShoutWire Next? Reditt acquired by Wired’s Condé Nast

Posted in E-Commerce, Social Bookmarking, Technology by wayne.porter on November 1st, 2006

In from my mailbox per Jeff Molander this story from TechCrunch detailing Wired’s Condé Nast brand making an acquisiton of Redditt- at this time boasting 70,000 daily unique visitors and 700,000 or so page views.

Only a matter of time, in my opinion- I would hazard ShoutWire could be next if they get the numbers up. In my book it has played 3rd fiddle to Digg but a site I really like.

From TechCrunch.

We just received confirmation that Condé Nast, owner of Wired and other magazines/websites, acquired Boston-based Reddit earlier this morning, and will make the announcement later today. The price is not being disclosed.

All four reddit employees will relocate from Boston to Wired’s San Francisco office and become part of Wired Digital. Reddit, founded and funded in 2005, is a YCombinator company (see our interview with YCombinator founder Paul Graham here). The two original founders are Steve Huffman and Alexis Ohanian, and they were later joined by Christopher Slowe and Aaron Swartz.

Reddit is a social news site that has always played second fiddle to Digg, although Reddit does have an active and loyal userbase. Users praise Reddit for having a very quick load time and no advertising. Like Digg, news stories on Reddit are submitted by users, and other users vote up or down on the story. When it gets enought “up” votes, the story appears on the home page.

As I said- is safe haven ShoutWire next in the battle for non-hierarchical news sites?
Will we see more verticals like Security Voting Site- Faill.com? I don’t know- but you can shout about it.



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