A social media platform organized into thousands of user-created, topic-based communities called subreddits.
Reddit Investor RelationsReddit is a social media platform where users post links, questions, and discussion threads within topic-based communities known as subreddits. Users interact with content through a voting system, marking posts as up or down. Founded in June 2005 by Steve Huffman and Alexis Ohanian, the company was part of Y Combinator's first batch.
Originally acquired by Condé Nast in 2006, the company was later spun out under Advance Publications in 2011. Reddit is currently led by CEO Steve Huffman, who returned to the role in 2015. The company is headquartered in San Francisco, California, and became a public company on the New York Stock Exchange in March 2024 under the ticker RDDT.
The company's primary revenue stream is advertising, which is supplemented by premium memberships. Additionally, Reddit has expanded its business model to include the licensing of user-generated data, a sector of growing interest for AI developers.