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Special Device Help Prevent Suddent Infant Death

Special Device Help Prevent Suddent Infant Death

Researchers from Germany's Fraunhofer Institute for Reliability and Microintegration IZM in Berlin has developed a new breathing sensor system that help prevent Sudden Infant Death Syndrome (SIDS). This syst...

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University Installs Grass Lawn in School Library

University Installs Grass Lawn in School Library

Cornell University has built a grass lawn inside their school library as a part of a project of their institution's Department of Design and Environmental Analysis. The department is currently conducting a r...

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Wash Your Clothes in a Portable Washing Machine [Video]

Wash Your Clothes in a Portable Washing Machine [Video]

Meet, the Scrubba, a portable washing machine, in form of a bag. This wash bag, allows people to do their laundry, on-the-go. The Scrubba is a lightweight, foldable bag that features small nodules to help sc...

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Fart-Deodorizing Underwear Sold in Japan

Fart-Deodorizing Underwear Sold in Japan

Thanks to Japan's new invention, the Deoest underwear, extreme farters can now release their foul smelling gas and prevent people near them from fainting. It is a fart-deodorizing underwear, created by Profe...

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Reddit Spuns Out from Conde Nast… Sort Of

Written on September 07, 2011 by Japhet Writ

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Reddit is now a wholly owned subsidiary called Reddit Inc.

The popular news sharing site, Reddit, spun out of Condé Nast to become a wholly owned subsidiary called Reddit Inc. This move is a way to enable the site to be open for outside investments.

A start-up born from the first Y-combinator incubator, Reddit was bought by Condé Nast on October 2006. However, the site often fought protracted battle to acquire necessary resources for growth — together with seeking more revenue from its ad-adverse community. And though they always have lean operations, they recently hired a couple of programmers. Reddit is also searching for a CEO that will lead the site to become a premiere news sharing haven for geeks.

Reddit Inc. remains wholly owned by Advance Media, Condé Nast’s parent company, and the board will include Reddit founder – Alexis Ohanian; Condé Nast President, Bob Sauerberg; and its CTO, Joe Simon.

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