Acquired by Condé Nast
Details
Industries ContentNewsSocial MediaSocial NetworkHeadquarters Regions San Francisco Bay Area, West Coast, Western US Founded Date 2005 Founders Aaron Swartz, Alexis Ohanian, Steve Huffman Operating Status Active Last Funding Type Series F Legal Name Reddit, Inc. Related Hubs Reddit Alumni Founded Companies Hub Tags Exited Unicorn
Stock Symbol NYSE:RDDT Company Type For Profit
Number of Exits
Contact Email contact@reddit.com Phone Number +49 69 175368641
Reddit is an online platform that enables users to submit links, create content, and have discussions about the topics of their interest.
Users can post links to content on the web and then the other users can vote the posted links up or down, causing them to appear more or less prominently on the site’s home page. The site has discussion areas
where users can discuss the posted links, and vote for or against others’ comments. When there are enough votes against a given comment, it will not be displayed by default, although a reader can display it through a link or preference. Users who submit articles that other users like and subsequently "vote up" receive "karma", points that a user receives as a reward for submitting interesting articles.
The posts on the site are classified under topics such as random, gadgets, sports, gaming, pics, videos, music, funny, movies, books, history, food, philosophy, television, jokes, art, and more. Reddit also includes several topical sections called subreddits, which focus on specific topics, including programming, science, and politics.
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M&A Details
Transaction Name Reddit acquired by Condé NastAcquired by Condé NastAnnounced Date Oct 31, 2006