According to Peter Kafka of All Things D, Condé Nast wants to spin-off Reddit for $200 million. The theory is that taking Reddit outside of Condé Nast’s corporate structure would make the site that much more valuable, and would give it a better chance to compete for capital, managers and employees alongside the likes of startups like […]
‘Up All Night’ enters U.S. chart
Reddit down to one developer
Two out of the three remaining Reddit programmers quietly left the social news community last week, Mike Schiraldi going to Google and David King going to Hipmunk where he joins Reddit co-founder Alexis Ohanian. This means that the over one billion page view a month site is currently running with only one developer (Neil Williams, […]
Six hours of downtime
Karpeles buys Mt. Gox

Karpeles buys Mt. Gox from an unemployed software hacker named Jed McCaleb. Before the site started trading in Bitcoins, it was an online marketplace where people could buy and sell cards for the Magic: The Gathering trading card game. Mt. Gox is short for “Magic: The Gathering Online Exchange” McCaleb, nervous about regulatory scrutiny on bitcoin, wanted rid of the exchange and […]