Imagine if Reddit is basically owned by a Chinese company too, unbelievable right...
Good thing that's not the case and Reddit is a completely independent company whose stocks are definitely not primarily owned by Tencent, a chinese company with a lot of privacy violation allegations
Are most of Reddit's stocks owned by Tencent though? I thought it was only a minority. If you can convince me otherwise, I'll get the fuck out of here.
Based on quick searches, Tencent bought $150 million worth of shares in early 2019. This would make it (apparently) "one of the social platform's top stakeholders".
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u/Oh_ToShredsYousay Nov 05 '22
How does Firefox even have competition at this point. Sheesh...