Reddit Net Worth
Reddit is an American website which consists of social news collection, web content ratings and discussions. Reddit net worth is estimated to be $6 billion dollars. Reddit has its headquarters in San Francisco, California, United States. This site disallows any rude comments. The registered members of the Reddit community can submit text posts or direct links and the users can then vote submissions up or down. The post which has the most up-votes appears on the top of the page.
History of Reddit
Steve Huffman and Alexis Ohanian founded it in Medford, Massachusetts in June 2005. They both were graduates of the University of Virginia. In November 2005 the team was expanded to Christopher Slowe. In between the years 2005 and 2006, Reddit united with Aaron Swartz company Infogami, who was later fired in January 2007. In October 2006, Condé Nast Publications got hold of Reddit. In the last days of 2008, the team of Reddit had expanded to include Erik Martin, Jeremy Edberg, David King and Mike Schiraldi.
In 2014, Reddit net worth increased to $500 million dollars due to the investments made by Marc Andreessen, Peter Thiel, Ron Conway, Snoop Dogg, and Jared Leto.
This site consists of entries made by the registered users. The content of this site is divided into 49 categories and each category has a large number of subreddits. Theses categories include Entertainment, Image Sharing, Technology, Meta, Self Improvement, Discussion based etc. These can be viewed on the front page by the new users or those who do not have an account.
When texts or links are posted, the users can upvote or downvote them. The users can also post comments about the posts. These comments can be replied to and upvoted/downvoted.
Users of Reddit:
The users of Reddit are called redditors. Registering an account with Reddit is easy as it is free and we don’t need an email address to complete the registration. The users can upvote/downvote a submission. They can also post comments on it. The users also have the ability to make subreddits of their own and the interested users can add it to their front page by subscribing to it.
This site can be used for political discussions. It was used for the presidential campaigns of Barack Obama and Donald Trump. Reddit has become an open platform for people to have political discussions. This made the views of Reddit increase which made Reddit net worth to raise by a huge amount.