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Reddit, Banned In China, Is Reportedly Set To Land $150 Million Investment From a Chinese Censorship Powerhouse (gizmodo.com)
Reddit is about to get a huge new round of investment of up to $300 million. As Gizmodo points out, "the first $150 million is reportedly expected to come from the Chinese tech giant Tencent, the first ever Asian technology company to pass a $500 billion market value." The investment is complicated since Reddit is banned in China via the Great Firewall of China. Also, "Tencent is not merely a resident of China's internet -- the company is one of the most important architects of the Great Firewall," reports Gizmodo. "It's an interesting source of cash for a Silicon Valley company whose product is essentially speech." From the report: Tencent is, at great cost and ultimately for great profit, literally reinventing censorship in China. The Great Firewall was not built by the Communist Party in Beijing, it's built by the tech giants all around China. This opaque but clearly powerful relationship between the $500 billion company and the Chinese government raises interesting and unanswered questions about Tencent's forays into the West, including questions about Reddit's future.
The pending Chinese investment in Reddit, a social media company with relatively little Chinese-language community, is a richer twist on that old tale, and it's a part of Tencent's expanding global investment strategy. The Chinese company owns about 12 percent of Snap, for instance, even though Snapchat is banned in China. Tencent also owns a piece of the chat app Discord even though, you guessed it, Discord is blocked in China. If Tencent does kick in $150 million on a nearly $3 billion valuation for Reddit, as TechCrunch reports, it will be interesting if we ever find out exactly what it means. What kind of influence and position, if any, will Tencent gain at Reddit? Neither company responded to Gizmodo's questions.
The pending Chinese investment in Reddit, a social media company with relatively little Chinese-language community, is a richer twist on that old tale, and it's a part of Tencent's expanding global investment strategy. The Chinese company owns about 12 percent of Snap, for instance, even though Snapchat is banned in China. Tencent also owns a piece of the chat app Discord even though, you guessed it, Discord is blocked in China. If Tencent does kick in $150 million on a nearly $3 billion valuation for Reddit, as TechCrunch reports, it will be interesting if we ever find out exactly what it means. What kind of influence and position, if any, will Tencent gain at Reddit? Neither company responded to Gizmodo's questions.
Read It? Like colour.
or what it?
And fuck Reddit. I'd rather they go away than become Chi-Com puppet pawns but either way, no big loss. Hell, move the HQ to Shanghai. Good fucking riddance, censor away. Nobody with an organ worth harvesting will miss them.
"It's an interesting source of cash for a Silicon Valley company whose product is essentially speech."
What happens in China, stays in China.
Well, at least I don't have to wonder anymore why I was perma-banned for posting "I think Xi Jinping may be overrated."
SJW: Someone who has run out of real oppression, and has to fake it.
There is no way they're going to prove to anyone now that any controversial moderation decision wasn't forced on them by outside pressure now.
Pao, shareblue, trumpspam, tons of sponsored and astroturfed content all the while deleting and censoring real users. Is reddit the town bicycle? I can't even do the front page or defaults anymore. Just go to a few smaller subs I'm interested in.
How the mighty have fallen... I used to get all of my news from and spend hours on the site.
American companies should not legally be allowed to sell assets or technology to China, or any country. Profits before America/Americans is punishable...
I honestly am not sure what form of censorship is the worst. On one hane you have oppresive governments that prevent criticism. On the other hand you have collections of people thr voluntrily assume a herd mentality and prevent free thought and discourse. SJWs are the reigning example of this. However the right can also for collectives, such as the Westboro Baptist. I dont think we have ever had uncensored free expression.
Prove me wrong. Show me where Alex Jones has equal access.
Trump need to ban reddit till they pay a tariff!
Maybe Trump can haggle with them a bit, and get China to build him his wall . . . ?
That would take the pressure off the Democrats and Republicans in Congress, and then they could kiss and make up, and get on with their proper government business.
But, alas, something makes me think we'll have a stalemate for the next two years, like the World War I trench battles, where no one wins, and everybody loses.
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
Those pesky patriots over at the_donald have to be kept off the frontpage at all costs! Luckily, the Chinese Communist Party is here to help!
Maybe he can get a firewall from Huawei and deploy it on the southern border.
Hey, it's some kind of wall, no. Better than a beaded curtain.
Tencent will fit right in at Reddit. Reddit isn't some kind of free speech platform. In fact, they censor daily and with great enthusiasm. The top admin was caught red-handed altering people's posts in the database. The problem with youtube, google, facebook, twitter, reddit... we took this open platform of the internet where anyone could do anything and we gave control over our behavior to a few big players because their products were slick and had a lot of cash invested in them. We centralized... and in centralizing we gave control over this free wheeling space of the internet to a handful of companies.
And now we're seeing the problem with that. The same problem we had before with the handful of media companies that provided our TV, Newspapers, Radio, etc...The freedom is gone if you centralize.
Wikileaks released emails which showed that Shareblue/Correct the Record was astroturfing many subs on Reddit.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
They'll turn shame into their new talking point virtue. Remember when they used to be against corruption, lol? Now they're PRO drinking Putin piss.
It's nearly impossible to have any sort of civil discussion there since anything posted either:
1) Gets removed by the moderators because your opinion doesn't align with their own
or
2) You just get banned by the moderators because your opinion doesn't align with their own
The moderators basically control the microphone. I liken it to folks calling in to some talk show host thinking they're going to argue with the
host on the air when they can silence you with the push of a button.
IF the moderators don't get you, the users themselves will down vote into oblivion any opinion that clashes with the echo chamber group think.
Most Mexicans have very nice eyes. It's the racist nazi Republican faggot traitors that have the beady blootshot glaring inbred skull-fuck plugs. Sickening. Build a wall out of the corpses of racist Republican trash, 2 birds 1 cup.
I never gave a fuck about Reddit and this doesn't change my position
didn't the orange say mexico will pay for the wall or what? Why does he want the democrats cough up the cash?
^^ Found the crybaby faggot nazi that history forgot and didn't miss. So whiny, put it back under the rock. Too stupid for 2019.
Una paloma blanca
I'm just a bird in the sky
Una paloma blanca
Over the mountains I fly
No one can take my freedom away
Once I had my share of YouTube
for they locked me on a chain
Yes they tried to break my power
oh I still can feel the pain
Una paloma blanca
I'm just a bird in the sky
Una paloma blanca
Over the mountains I fly
Yes, no one can take my freedom away
Yes, no one can take my freedom away
When the sun shines on the mountain
And the night is on the run
It's a new day
It's a new way
And I fly up to the sun
Una paloma blanca
I'm just a bird in the sky
Una paloma blanca
Over the mountains I fly
No one can take my freedom away
Oooooo... https://youtu.be/TVVRMBWGBqw
Red commie reddit
Any criticism and negative comments regarding China will be deleted or downvoted.
I almost just spit my coffee all over the table
Only in Silicon Valley is borrowing money to get you into more debt, considered raising your "valuation". No website is worth $3B. It is a website.
See r/reclassified for a list of the latest banned/quarantined subreddits. 10 in the past 24 hours.
Tiananmen square?
No saying Taiwanis real China?
No cartoon bear jokes?
No comments on term limits?
Dont mention Tibet?
Animal Farm, 1984
Dont disagree with Reddit.
Domestic spying is now "Benign Information Gathering"
Ivan, Ivan, Ivan.... Hasn't anyone told you it's a bad idea to spike your vodka with meth?
Because the democrats are the party of the illegals?
Why does he want the democrats cough up the cash?
Because limousine liberals suck worse than beaner trash.
How is this bad optics for Reddit? They are already notorious for their heavy handed censorship of anything that challenges the official Corporate Progressive narrative.
Maybe Tencent made their investment so they could get their hands on some of Reddit's advanced censorship technology?
Lol mexicans look like short fat squat pieces of shit with a jew hook nose. You must be an ugly fuckface too.
It's about censorship, filtering news and control of the narrative.
GENERATION 26: The first time you see this, copy it into your sig on any forum and add 1 to the generation.
They can do it because you have nowhere else to bugger off to. This is about cultural change.
Take the investment and become chinese arm of propaganda... well done.
He's a compulsive liar, and his followers are gullible and will believe whatever he says, even if he contradicts himself the next day?
Because many Mexicans are democrats? I kid, I kid...