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Reddit, Inc.

Social Media

Reddit Stock

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

Reddit Website

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Reddit Company Overview

Reddit, established by Steve Huffman and Alexis Ohanian, is an influential social media platform that offers a unique structure of community-based forums known as "subreddits." Each subreddit focuses on specific interests—ranging from news to hobbies—and operates under its own set of rules. This allows for a diverse and rich content environment where users can upvote or downvote posts, influencing their visibility and encouraging community engagement. The platform is designed around user anonymity and privacy, encouraging open discussions without personal exposure. This feature has helped Reddit to become a hub of vibrant communities that drive dynamic conversations and cultural trends across the globe. With its algorithm that promotes fresh and engaging content, Reddit ensures that the most appreciated and relevant discussions gain visibility. This approach not only keeps the platform dynamic but also highly relevant to current events and popular public discourse. Reddit's model of decentralized, interest-based forums allows for detailed and nuanced conversations, making it a significant force in shaping public opinion and internet culture.

Management Team

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

Funding Information

News

Reddit pops 48% in NYSE debut after selling shares at top of range

Reddit entered the public market on Thursday, betting that a wider swath of investors will buy into the 19-year-old social media company.

Reddit Sees More Than 20% Sales Growth in 2024 as IPO Looms

(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 files to list IPO on NYSE under the ticker RDDT

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.

Google to Pay $60M a Year to Use Reddit Content for AI: Report

The move boosts revenue for Reddit ahead of its planned stock launch.

Reddit Advised to Target at Least $5 Billion Value in IPO

Firm advisers considering figure after early investor talks. Private trades value social media company below $5 billion.

Reddit reportedly seeks to launch IPO in March

Social media platform Reddit has drawn up detailed plans to launch its initial public offering in March, according to people familiar with the matter.

Reddit to begin paying people for popular posts

The social media site will split revenue with contributors who are awarded "gold" by other users.

Reddit to lay off about 5% of its workforce

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.

Reddit Beats Subpoena to Unmask Users Talking About Movie Piracy

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 testing Discord-like channels for community chat

Reddit is not the only company launching ways for communities to host conversations.

Reddit aims for IPO in second half of 2023

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.