An anonymous reader writes "Conde Nast's print properties aren't the only ones slowly dying, apparently. Now, popular user-driven news site Reddit, which Conde Nast bought in 2006, is asking users to donate money so the website can hire more staff and keep it online. According to the offical blog post — Whenever this topic comes up on the site, someone always posts a comment about how reddit is owned by Conde Nast, a billion-dollar corporation like Time Warner or Cobra, and how if they wanted to they could hire a thousand engineers and purchase a million dollars worth of heavy iron. But here's the thing: corporations aren't run like charities. They keep separate budgets for each business line, and usually allocate resources proportionate to revenue. And reddit's revenue isn't great. The worst part is its own users who are not too keen on propping up Reddit financially."