![Reddit: A Nine-Year Case Study in Absentee Management – Bloomberg Business](https://www.chronoto.pe/wp-content/uploads/2015/08/224063-1x-1.jpg)
Reddit: A Nine-Year Case Study in Absentee Management – Bloomberg Business
In 2006, Condé Nast, the New York-based publisher of Vogue and the New Yorker, among other magazines, bought a promising information-sharing and online-discussion startup called Reddit. At the time, social media was just taking off and big media conglomerates were scrambling for a piece of the action. Rupert Murdoch’s News Corp. had recently outfoxed Sumner…