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 and Chief Executive Officer |
Jen Wong Chief Operating Officer |
Drew Vollero Chief Financial Officer |
Chris Slowe Chief Technology Officer |
Ben Lee Chief Legal Officer |
Michelle Reynolds Chief Accounting Officer |
Roxy Young Chief Marketing and Consumer Experience Officer |
Pali Bhat Chief Product Officer |
Mike Romoff Chief Revenue Officer |
Nellie Peshkov Chief People Officer |
Fredrick Lee Chief Information Security Officer |
Saad Rehmani Executive Vice President of Engineering |
Jim Squires Executive Vice President, Business Marketing and Growth |
Roelof van Zwol Executive Vice President, Ads Monetization |
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.