Reddit saw its daily active unique user count increase by 51 percent year over year in Q2 to 91.2 million.
Revenue Amount
$253,100,000
Organizations Involved
Advance Publications
Founders
Steve Huffman, Alexis Ohanian, Aaron Swartz
Company Description
Reddit is a social media platform that allows users to post content, engage in discussions, and share information across various communities known as subreddits. The company is exploring new monetization strategies, including increasing ad placements and potentially introducing paywalled content, while maintaining its core community-driven ethos.