this post was submitted on 19 Jan 2025
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[–] CosmicTurtle0@lemmy.dbzer0.com 10 points 5 days ago (2 children)

I recall that tencent had like a small stake in Reddit too. Like 10% or something like that. Or am I remembering wrong?

[–] shawn1122@lemm.ee 11 points 5 days ago

As of their last filing in September it is 10 to 12%

[–] catloaf@lemm.ee 0 points 5 days ago (1 children)

They invested money, I don't remember hearing that it got them any share of the company.

[–] ieatpillowtags@lemm.ee 8 points 5 days ago

That’s typically what you get in return for an investment. The only question is if it’s enough of a share to give control or at least influence.