Reddit, Inc.

Reddit, Inc. is a social media and online community platform based in San Francisco, California. Founded in June 2005 by Steve Huffman, Alexis Ohanian, and Aaron Swartz, Reddit operates a website that hosts a vast network of user-generated communities organized around shared interests. The platform allows users to submit, discuss, and vote on various types of content, including photos, videos, and text posts, within over 138,000 active subreddits. As a publicly traded company listed on the NYSE under the ticker symbol RDDT, Reddit has a market capitalization of approximately $46.1 billion and reported revenue of around $1.12 billion in 2024. The company serves a global audience of over 5 billion registered users, with about 73.1 million daily active users. Reddit's business model primarily relies on advertising, supplemented by premium subscriptions and data licensing. The platform is known for its community-driven approach, featuring volunteer moderators who help maintain community guidelines and foster engagement among users.