After the Fappening, Investors Think Reddit's Value Grew to $500M.
Nitasha Tiku · 09/08/14 11:00AMThis weekend, the CEO of Reddit tried to defend r/TheFappening, a section of his website trafficking in illegally obtained nude photos of young female celebrities. His argument? "Every man is responsible for his own soul." Not long after, Reddit backtracked and shut the page down anyways. Perhaps it was out of concern for Reddit's upcoming A-list Silicon Valley investors?