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.
CondÃ© 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?