TechCruch breaks the news: Reddit has been acquired by Condé Nast. Reddit is a community-driven news and what’s-cool site—something like Digg, but better. (For starters, Reddit hasn’t hyped up an untrue story about one of LibraryThing’s competitors!) I’ve followed them for some time, ever since meeting the founders at a Paul Graham/Y Combinator event in Cambridge. I’m pleased good things happen to good people.*

UPDATE: See this blog post. They’re still rich, but it appears they’re going to be tortured with office nonsense until their get-out-of-jail date.

Apparently Reddit had a prior relationship with Conde Nast, making Lipstick.com, Reddit for celebrity news. It doesn’t have a lot of users yet, so I’m thinking a few hundred Thingamabrarians could get together and vote up our celebrity story—appearing in OK Magazine on the same page as Lindsay Lohan. Ready? Set? Go!

*I’m also impressed by their blog entry on the role of users in Reddit’s success (“we’re not kidding ourselves: you all have made it everything that it is”). Much more gracious than YouTube, IMHO.

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