September 24, 2016 9:40 PM ET

Internet Software and Services

Company Overview of Reddit, Inc.

Company Overview

Reddit, Inc. owns and operates a Website that connects communities and individuals with ideas, latest digital trends, and breaking news. It offers Reddit, an online platform that is used for creating and sharing content, such as stories, links, and images in the areas ranging from gaming and politics to television. In addition, its Reddit is used for major news publishers, freelance bloggers to share content from its global community. Further, the company provides its services through mobile applications for iPhones and Android devices. 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 Publicati...

520 Third Street

Suite 305

San Francisco, CA 94107

United States

Founded in 2005

Key Executives for Reddit, Inc.

Co-Founder and Chief Executive Officer
Co-Founder and Executive Chairman
Head of Commerce
Head of Rounding-Up
Compensation as of Fiscal Year 2016.

Reddit, Inc. Key Developments

Reddit Leases about 50,000 Square Feet at 420 Taylor St. in San Francisco

Reddit has leased about 50,000 square feet at 420 Taylor St. in San Francisco, taking the entire building in the Tenderloin district near Union Square. Moving to 420 Taylor St. offfers a more affordable option than leasing in more expensive areas such as South of Market and the Financial District, since the gritty Tenderloin neighborhood is known for high crime. PRES Cos. is the landlord of 420 Taylor. Reddit has been leasing 10,000 to 20,000 square feet at 101 New Montgomery St. in the South of Market neighborhood since 2015, according to Compstak. It is unclear whether Reddit will continue to stay in this space or completely relocate.

Reddit, Inc. Announces Executive Changes

Ellen Pao has resigned as interim chief executive of Reddit. Pao, who became an international symbol for gender imbalance in Silicon Valley when she lost a landmark discrimination lawsuit, will be replaced by Steve Huffman, a co-founder of the site with executive chairman Alexis Ohanian.

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.

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