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"is Reddit really worth that much?" - Why not? A product is worth whatever you can get someone to pay for it.


What the parent asks is not about value in the Syrusian sense, but whether the aquisition price was justified - whether the acquisition will in actuality increase Condé Net's value by more than this amount.

Obviously, whoever gave a green light for the purchase must have thought so.


>Obviously, whoever gave a green light for the purchase must have thought so.

You could be right, or there could be other motivations. For example, maybe they thought the company had a one-in-five chance of being worth ten times that much in two years, so they figured it was worth the price.




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