Who owns Reddit?
REDDIT is an online forum community where users can follow and discuss their favorite topics.
First founded in 2005, Reddit is expected to see around 1.66 billion users by the end of 2023.
Who owns Reddit?
In 2011, the popular online discussion board Reddit became an independent subsidiary of Conde Nast's parent company, Advance Publications.
Funds were raised by several investors in 2014 - including Sam Altman, Marc Andreessen, Peter Thiel, Ron Conway, SV Angel, and Joshua Schachter - allowing the site to become an independent entity.
Advance Publications once more acquired majority shares in 2017.
The company has entirely owned and operated Reddit since 2018.
Who founded Reddit?
Reddit was founded in 2005 by two college friends; Steve Huffman and Alexis Ohanian.
The pals were college roommates and launched the firm shortly after graduating from the University of Virginia.
Conde Nast acquired Reddit in 2006 for $10million.
Both Huffman and Ohanian initially left the company in October 2009 before later returning - although Ohanian quit again in June 2020.
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Alexis Ohanian is married to tennis legend Serena Williams.
Who is Reddit's CEO?
Reddit's CEO is co-founder Steve Huffman.
He returned in 2015 after interim CEO Ellen Pao resigned from the company.
How much is Reddit worth?
The social-networking company makes money through ads and premium membership plans, explains .
Reddit also offers managed ads campaigns and auction-based advertising to firms.
As of 2023, Reddit is currently valued at around $10billion, per .