Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 26, 2015 2:29 AM ET

Internet Software and Services

Company Overview of Reddit, Inc.

Company Overview

Reddit, Inc. operates a social sharing and aggregation Website. The company publicizes online items recommended by members. Its service aggregates news stories submitted by users and filters those submissions based on user votes. It also offers a personalized filter on the day's story using previous votes to determine what new things the user might like to read. The company was founded in 2005 and is based in San Francisco, California. As of January 17, 2014, Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.

520 Third Street

Suite 305

San Francisco, CA 94107

United States

Founded in 2005

Key Executives for Reddit, Inc.

Chief Executive Officer
Co-Founder and Executive Chairman
Compensation as of Fiscal Year 2014.

Reddit, Inc. Key Developments

Reddit Announces Executive Changes

Reddit, co-founder Alexis Ohanian has returned to the company as executive chairman, Yishan Wong has resigned as CEO and Ellen Pao has become interim CEO. Altman is president of Y Combinator, the incubator that spawned Reddit in 2005. He was a lead investor in a $50 million investment round in Reddit in September. Sequoia Capital's Alfred Lin and Marc Andreessen of Andreessen Horowitz also invested in Reddit.

Reddit Reportedly Seeks Investors; Andreessen Horowitz And Sequoia potential Buyers

Advance Publications, Inc.’s portfolio, Reddit, Inc. is planning to raise funds. Sources said that the company has reached a preliminary agreement to sell less than 10% of the stake for more than $50 million. That could give the company a valuation of upward of $500 million. According to the news report, potential investors may be Andreessen Horowitz LLC and Sequoia Capital. Some individuals associated with Y Combinator may also be among potential suitors. Sources stated that Advance Publications may continue to hold 50% stake in Reddit. The repot mentioned that Reddit; Y Combinator; Founder, Alexis Ohanian and Advance executives declined to comment.

Similar Private Companies By Industry

Company Name Region
The Dodson Group, Inc. United States
Start-up TV Network, Inc. United States
Phoenix NAP, LLC United States
Implisit United States
Pulse 360, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 15, 2014
Alien Blue
Private Placement
September 8, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Reddit, Inc., please visit www.reddit.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.