Reddit, Inc.
Social Media
Reddit is an expansive online platform that hosts a network of communities based on varied interests, enabling users to explore and discuss a wide range of topics. This platform facilitates user-generated content, allowing individuals to post links, text, and images, which are then moderated through community voting. Reddit is distinguished by its real-time, trend-sensitive discussions, making it an appealing channel for investors interested in tapping into diverse market sentiments and audiences.
Founded: 2005
Steve Huffman Co-Founder, CEO |
Chris Slowe CTO |
Jen Wong COO |
Alex Le VP of Product |
Zubair Jandali VP of Brand Partnerships |
Roxy Young VP of Brand Development |
Joel Meek VP of Finance |
Shariq Rizvi VP of Ads Product & Engineering |
Saad Rehmani VP of Engineering |
Ben Lee VP & General Counsel |
Nellie Peshkov VP of People & Culture |
Reddit entered the public market on Thursday, betting that a wider swath of investors will buy into the 19-year-old social media company.
(Bloomberg) -- Reddit Inc. is telling potential investors in its initial public offering that it expects revenue in 2024 to grow by more than 20% versus the previous year, according to a person familiar with the situation. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best Intere
Reddit's debut will mark the first major tech initial public offering of the year and the first social media IPO since Pinterest went public in 2019.
The move boosts revenue for Reddit ahead of its planned stock launch.
Firm advisers considering figure after early investor talks. Private trades value social media company below $5 billion.
Social media platform Reddit has drawn up detailed plans to launch its initial public offering in March, according to people familiar with the matter.
The social media site will split revenue with contributors who are awarded "gold" by other users.
Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America.
Social discussion platform Reddit Inc. fended off a subpoena from a group of movie producers seeking to uncover the identity of seven Reddit users who discussed how they pirated movies without consequence from the internet service provider RCN Telecom Services LLC.
Reddit is not the only company launching ways for communities to host conversations.
Social media platform Reddit Inc is looking to go public later this year, likely in the second half, the Information reported on Tuesday, citing people familiar with the matter.