What is Reddit? The Man’s Behind the $3 Billion Company

If you have ever answered an ambiguous question and one of the links you have touched seems like it was the most likely Reddit from the 90s. Reddit was found in 2005 by Steph Huffman and Alexis Ohanian. in this article you will know about What is Reddit? and How It All Started – “A Journey to the idea of a $ 3 billion company”. 

How It All Started? The Man’s Behind the Reddit 

The co-founders of Reddit were two roommates Steph Huffman and Alexis Ohanian of the University of Pennsylvania, the pair traveled together in Boston Massachusetts, To attend a talk hosted by  Paul Graham (Paul Graham, an English-born American computer scientist, essayist, entrepreneur, venture, Capitalist, and author). After securing a private audience with Paul, the trio shared a brainstorming session and came up with the idea for a website that would become the main page of the Internet.

The Idea was – It would be a community-driven news website where users could post links to their articles or Can write to them from their user base.

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Huffman and Ohanian were accepted on the Startup Accelerator program as well as the fate of those articles decided by anonymous and downvote systems. Huffman and Ohanian were consequently accepted onto the startup accelerator program received and they have got twelve thousand dollars in seed funding. Reddit was launched on 23 June 2005, Medford, Massachusetts, United States.

The website name was a simple play on words, and the first 100 user accounts were created by Huffman and Ohnion, soon to be joined by another graduate of the founders to create the illusion that Reddit was widely used. Aaron Swartz joined Reddit another graduate of the combinator program at the end of 2005.

and A comments section was added that allowed users to give their opinions on the content they had read. Reddit was then divided into sections with separate pages where articles of a particular subject could be posted.

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In October 2006 media company Condé Nast approached the founders to purchase Reddit and they were overwhelmed at the age of 22 and 23 to make $ 16 million. He accepted the Condé Nast proposal, stating reports of between $ 10 million and $ 20 million. The founders, therefore, moved to San Francisco with the company’s new headquarters.

Report“Huffman and Ohanian sold Reddit to Condé Nast Publications, owner of Wired, on October 31, 2006, for a reported $10 million to $20 million, and the team moved to San Francisco.”

Former Founder Swartz Committed Suicide-

Reddit was completely anonymous with no requirement to register an email address or any personal details when signing up.

unfortunately, this unique style of anonymity and a lack of regulation paved the way for Reddit to become a breeding ground for hate speech communities. Meanwhile, former founder Swartz committed suicide in 2013 when he was facing charges of wire fraud and other crimes. ” Internet Activist, a Creator of RSS, Is Dead at 26, Apparently a Suicide”. 

now it was left in turmoil in 2015 and the only thing that could have saved Reddit was the reintroduction of Reddit’s founder. Huffman’s return as CEO and Alexis Ohanian as executive chairman.

Reddit launched its first iOS and google play apps in 2016. The website is being updated to introduce new measures to maintain the 21st century and reduce online harassment.

Reddit Confirms $300M Series D led by China’s Tencent at $3B value-

Last year Reddit underwent a funding round led by Tencent, which raised $ 300 million and raised the value of the company to $ 3 billion. and as it is the 17th most visited website in the world and the Top 10 among the united states.

What is Reddit?

It is a social news platform that allows users to discuss and vote on content that other users have submitted. It is a place for like-minded individuals to meet with people they may not know. Redditors can discuss ideas and opinions with other fanatics. And they can get to know each other’s thoughts. It is a favorable social sharing platform for discussion and sharing ideas. You can collect karma as a reward. When someone likes your ideas or content, you will be rewarded with karma for sharing informative posts. Higher Karma can improve one’s standing within a certain community.

How to Use Reddit as a Content Marketing Tool?

According to the company’s official figures released at the end of 2019, there are more than 430 million monthly active Reddit users worldwide (Reddit, 2019). Now, you can understand the value of Reddit for Your Small Business. it can be a powerful weapon for your Business. you can use Reddit as Content marketing tools you can share you’re Article and content ideas, In a nutshell, Reddit allows users to submit anything in link form (links to single images, webpages, etc.

Step#1 Simply, click on the link Icon. appear in the top right corner

Step #2 Simply, paste your link as showing in the picture below. and click to publish 

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