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Reddit is a publicly traded San Francisco-based social media and discussion platform organized around topic-specific communities called subreddits.
$6.68B
+$0.72
1.77%
30 days ago
$40.56
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Reddit was founded in 2005 by Steve Huffman and Alexis Ohanian, building a social platform organized around thousands of independently moderated topic-specific communities called subreddits, each dedicated to a particular interest, hobby, news topic, or other subject, with content within each subreddit ranked and surfaced based substantially on user upvoting and downvoting, a distinctive community-driven content curation model that differs meaningfully from the algorithmically-driven content feeds that dominate most other major social media platforms. Reddit's community-driven structure and largely anonymous or pseudonymous user culture, where users typically post under handles unconnected to their real identity rather than a real-name policy, has fostered particularly candid, in-depth discussion communities on many topics, contributing to Reddit's outsized influence relative to its user base size on internet culture, meme creation, and public discourse, while also creating persistent content moderation challenges given the platform's decentralized, volunteer-moderator-driven governance structure across its enormous number of independently operated communities. Reddit completed its initial public offering on the New York Stock Exchange in 2024, and has built a significant data licensing business selling access to its enormous volume of user-generated discussion content to AI companies training large language models, since Reddit's uniquely candid, conversational discussion content has proven particularly valuable training data for AI models seeking to better understand natural human conversation and reasoning patterns. Reddit had raised substantial private venture funding from investors including Tencent and Fidelity prior to its public listing, and generates revenue primarily through advertising alongside its growing data licensing business.
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