Reddit is the “other Digg site.” It was founded by Steve Huffman and Alexis Ohanian. The site’s main investor, Paul Graham of YCombinator seeded Reddit with $88,000 to get it off the ground. While Reddit is nowhere near as big as Digg, it does have a very loyal following. The site loads very fast and is ad free for now. I would imagine Wired will want to monetize the site once they take over.
Condé Nast will announce the buyout later today. The sale price for Reddit has not been disclosed. So this makes for a little fun game; how much do you think Reddit sold for?