I had to do a double take this morning when I read about the plight of reddit, one of the original social news websites. Apparently things aren’t so good over at the Internet property. It’sso bad that they have started to ask for donations to keep the site afloat. I bet you that their owner, Conde Nast, must be so proud.
Making money online isn’t always easy, especially when you run an ad-supported business. And that’s not just true for the small fries; it can be even more true for popular, heavily-trafficked sites.
That’s the case for reddit, the popular user-generated news site. It was purchased by Conde Nast Digital in 2006, but a blog post last Friday indicates that all is not well at reddit.