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Reddit

Not to be confused with Redditt.

Reddit
Logo used since November 2023
Screenshot
Homepage, December 2023
Type of businessPublic
Type of site
Social news website
Available inMultilingual[notes 1][1]
Traded asNYSE: RDDT
FoundedJune 23, 2005 (2005-06-23)[2]
HeadquartersSan Francisco, California, U.S.
No. of locations5
Area servedWorldwide, except for Indonesia (without DNS) and China
Owners
Founder(s)
Key people
Industry
RevenueIncrease US$1.30 billion (2024)[4]
Operating incomeDecrease −US$561 million (2024)[4]
Net incomeDecrease −US$484 million (2024)[4]
Total assetsIncrease US$2.34 billion (2024)[4]
Total equityIncrease US$2.13 billion (2024)[4]
Employees2,233 (2024)[4]
ParentReddit Inc.
URL
AdvertisingBanner ads and promoted links
CommercialYes
RegistrationOptional[notes 2]
Users101.7 million DAU (2024)[4]
Current statusActive
Content license
Proprietary
Written in

Reddit (/ˈrɛdɪt/ ⓘ, RED-it) is an American proprietary social news aggregation and forum social media platform. Registered users (commonly referred to as "redditors") submit content to the site such as links, text posts, images, and videos, which are then voted up or down ("upvoted" or "downvoted") by other members. Posts are organized by subject into user-created boards called "subreddits". Submissions with more upvotes appear towards the top of their subreddit and, if they receive enough upvotes, ultimately on the site's front page. Reddit administrators moderate the communities. Moderation is also conducted by community-specific moderators, who are unpaid volunteers.[6] It is operated by Reddit Inc., based in San Francisco.[7][8]

As of February 2025, Reddit is the ninth most-visited website in the world. According to data provided by Similarweb, 51.75% of the website traffic comes from the United States, followed by Canada at 7.01%, United Kingdom at 6.97%, Australia at 3.97%, Germany at 3%, and the remaining 28.37% split among other countries.[7]

Reddit was founded by University of Virginia roommates Steve Huffman and Alexis Ohanian, as well as Aaron Swartz, in 2005. Condé Nast Publications acquired the site in October 2006. In 2011, Reddit became an independent subsidiary of Condé Nast's parent company, Advance Publications.[9] Reddit debuted on the stock market on the morning of March 21, 2024, with the ticker symbol RDDT.[10] The current market cap as of July 2024 is $10 billion.[11]

Reddit has been noted for its role in political activism, with notable left-wing and anti-theist subcultures on the website.[12] It has received praise for many of its features, such as the ability to create several subreddits for niche communities.[13][14] The platform has also received criticism for the spread of misinformation and its voting system which can encourage online echo chambers.[15] In its early years, Reddit also received controversy over hosting misogynistic content, including the doxxing of erotic models and revenge porn.[16]


Cite error: There are <ref group=notes> tags on this page, but the references will not show without a {{reflist|group=notes}} template (see the help page).

  1. ^ "What languages is Reddit available in?". Reddit Help. Archived from the original on March 30, 2023. Retrieved May 30, 2022.
  2. ^ "Reddit on June 23-05". December 5, 2006. Archived from the original on December 9, 2015. Retrieved August 28, 2014.
  3. ^ a b c "Reddit Inc. Form S-1". U.S. Securities and Exchange Commission. February 22, 2024.
  4. ^ a b c d e f g "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 13, 2025.
  5. ^ "Seeing the forest in the trees: two years of technology changes in one post". Reddit. January 17, 2023. Archived from the original on July 2, 2023. Retrieved July 1, 2023.
  6. ^ Cite error: The named reference Ohlheiser was invoked but never defined (see the help page).
  7. ^ a b "reddit.com Traffic Analytics, Ranking & Audience". Similarweb. August 2024. Retrieved September 29, 2024.
  8. ^ "Careers - Reddit". Reddit. Archived from the original on October 12, 2023. Retrieved June 16, 2023.
  9. ^ Carr, David (September 2, 2012). "Reddit Thrives Under Hands-Off Policy of Advance Publications". The New York Times. Archived from the original on November 12, 2020. Retrieved March 22, 2019. And when it became clear that Reddit was hamstrung in competition for leadership and engineers as part of Condé Nast, the company was spun out as an operationally independent subsidiary in 2011.
  10. ^ "Reddit goes public today. Users are wary of what comes next". The Washington Post. March 21, 2024. Retrieved March 21, 2024.
  11. ^ "Reddit, Inc. (RDDT) Stock Price". Yahoo Finance. July 28, 2024.
  12. ^ Lopez, German (February 11, 2015). "Chapel Hill shooting forces uncomfortable conversations among Reddit's atheists". Vox. Retrieved December 9, 2024.
  13. ^ Cite error: The named reference Madrigal14 was invoked but never defined (see the help page).
  14. ^ Cite error: The named reference Renfro16 was invoked but never defined (see the help page).
  15. ^ "Luján, Klobuchar, Heinrich Urge Reddit to Combat Health Misinformation". Senator Ben Ray Luján. United States Senate. October 6, 2021. Archived from the original on September 12, 2023.
  16. ^ Clark-Flory, Tracy (February 23, 2014). "Doxxing Internet babes: "She wanted it"". Salon. Retrieved December 9, 2024.

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