> Above 0 is too much. Could 10% buy you mod spot over a large major subreddit? Maybe get reddit to look the other way for your astroturf campaigns?

That's... not how fundraising rounds usually work.

Thats how ownership and influence works. You think China is buying 10% because of how profitable reddit is?

I can ask the same for the other investors.

>in 2005. Condé Nast Publications acquired the site in October 2006. In 2011, Reddit became an independent subsidiary of Condé Nast's parent company, Advance Publications.[11] In October 2014, Reddit raised $50 million in a funding round led by Sam Altman and including investors Marc Andreessen, Peter Thiel, Ron Conway, Snoop Dogg, and Jared Leto.[12] Their investment valued the company at $500 million then.[13][14] In July 2017, Reddit raised $200 million for a $1.8 billion valuation, with Advance Publications remaining the majority stakeholder.[15] In February 2019, a $300 million funding round led by Tencent brought the company's valuation to $3 billion.[16] In August 2021, a $700 million funding round led by Fidelity Investments raised that valuation to over $10 billion.[4]

What type of shadowy agenda are entities like Jared Leto or Fidelity Investments trying to advance? Or should we assume that they're acting altruistically because they're not Chinese?

> What type of shadowy agenda are entities like Jared Leto or Fidelity Investments trying to advance? Or should we assume that they're acting altruistically because they're not Chinese?

None, they might just really believe that Reddit might be profitable one day and they want a share of the pie. Snoop Dogg also invested in Klarna, for example.

On the other hand I have lots of reservations about the motivation of the likes of Sam Altman and Peter Thiel in this, Marc Andreesen is not such a wildcard, might be just stupid with money as the latest plays of a16z seems to making them be.