Reddit

Reddit (NYSE: RDDT) is a social news aggregation, web content rating, and discussion platform founded in 2005 by Steve Huffman and Alexis Ohanian. The site is organized into user-created communities called subreddits, covering a vast array of topics. Users can submit content such as links, text posts, images, and videos, which are then voted up or down by other members.

Reddit offers a variety of content types including text posts, images, videos, and links. The platform is divided into over 100,000 active communities known as subreddits, each focused on specific topics ranging from news and politics to niche hobbies. Reddit's unique upvote and downvote system allows users to curate content, with popular posts rising to the top of subreddits and potentially reaching the site's front page. The platform also features an awards system where users can recognize exceptional content.

In recent years, Reddit has expanded its offerings for businesses and advertisers. The company has introduced new ad management features, partnered with major sports leagues, and expanded agency partnerships to boost ad revenues. Reddit has also focused on improving its search capabilities and exploring AI-driven enhancements. In March 2024, Reddit went public on the New York Stock Exchange, marking a significant milestone in the company's growth trajectory.