What Us Reddit

What is Reddit? – Definition from WhatIs.com – SearchCIO

Reddit is a social news website and forum where content is socially curated and promoted by site members through voting. The site name is a play on the words “I read it. ”
Reddit member registration is free, and it is required to use the website’s basic features.
For a monthly fee or yearly subscription, redditors can upgrade to Reddit Gold. This service provides a set of extended features not available to nonpaying users. Features of Reddit Gold include access to members-only communities and the ability to turn off sidebar ads.
What are subreddits and how do they work?
The site is composed of hundreds of subcommunities, known as subreddits. Each subreddit has a specific topic, such as technology, politics or music. Reddit’s homepage, or the front page, as it is often called, is composed of the most popular posts from each default subreddit. The default list is predetermined and includes subreddits such as “pics, ” “funny, ” “videos, ” “news” and “gaming. ”
Reddit site members, also known as redditors, submit content which is then voted upon by other members. The goal is to send well-regarded content to the top of the site’s front page. Content is voted on via upvotes and downvotes: arrows on which users click to the left of a post. The more upvotes a post gets, the more popular it becomes, and the higher up it appears on its respective subreddit or the front page. To access a subreddit via the address bar, simply type ” name. ”
How to use Reddit
Upon arriving on the site’s front page, users will notice a list of posts — a collection of text posts, link posts, images and videos. When logged out of a Reddit account, the front page is composed of the site’s default subreddits — a list of about 50 topics including music, videos, news and GIFs, among others. After creating an account, users will automatically be “subscribed” to the list of default subreddits. Users can then unsubscribe to any of the default subreddits they do not wish to view, and they can subscribe to additional subreddits to get a personalized front page of content that interests them.
Users can also comment on posts after creating an account. Commenting is one of Reddit’s core features, and it is the primary way for users to interact with each other, besides private messaging. Comments, like posts, can be voted on by users and are then ranked accordingly. The comment with the highest number of votes sits at the top of the comment section and is referred to as the top comment.
Reddit company information
Reddit is similar to Digg, another user-generated social networking site. Steve Huffman and Alexis Ohanian started Reddit in 2005, and Condé Nast Publications acquired the site in October 2006. Reddit split from Condé Nast in 2011, and now operates under Advance Publications. A July 8, 2012, article reported that 35 million new users sign up for Reddit every month.
Notable controversies
Since its inception, Reddit has been the subject of many controversies, some great enough to make the news.
Site statistics and user demographics
As of this writing, Reddit is the 24th most-visited website in the world and the 7th most-visited website in the United States, with the U. S. accounting for 46. 9% of the site’s visitors, according to web traffic data and analytics company Alexa Internet. According to a 2016 study by the Pew Research Center, 71% of Reddit’s audience is composed of men.
Popular acronyms
Many acronyms are unique to Reddit. They are commonly found in post titles, subreddit rules and comments. The following is a breakdown of some of the most commonly used acronyms on the site.
ELI5: Explain like I’m 5 — A term used when redditors want something explained to them in very simple terms, as if they were a five-year-old asking for the answer to a question. A popular subreddit, explainlikeimfive, exists for this very purpose.
TLDR or TL;DR: Too long; didn’t read — In some longer posts or comments, redditors may place a, “TLDR” at the end of their text for the purpose of shortening what they wrote if other redditors do not want to take the time to read the entire post.
NSFW: Not safe for work — When redditors make a post or comment that has explicit content, it is marked with this acronym to let other redditors know not to view the content at work or any place where explicit material would be unsuitable.
TIL: Today I learned — Used mainly in the form of “TIL” posts, this term is used when redditors want to share something new they learned.
OP: Original poster — The redditor who created the initial post.
AMA: Ask me anything — A popular acronym used on Reddit’s “IAmA” subreddit, where redditors can post “AMA” threads. This is another name for a Q&A thread, where redditors answer questions about their life and, usually, their occupation. President Barack Obama made headlines when he participated in an AMA on Aug. 29, 2012. He was the first sitting president to do so.
This was last updated in December 2016
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How Reddit Makes Money – Investopedia

Reddit Inc. is a social media website that enables users to form online communities, share ideas, photos and videos, post the latest trends and breaking news, and vote on content posted by other users. The website is known for its discussion forums, including its popular “Ask Me Anything” format.  Reddit makes money by selling advertising space and from an optional premium membership plan that allows users to turn off ads and enjoy other benefits.  Reddit also offers managed-ads campaigns and auction-based advertising to advertisers. 
Key Takeaways
Reddit is a social media website known for its discussion forums on politics, sports, entertainment, and other company generates revenue through advertising and an ad-free premium membership operates in the application-software segment of the technology industry, providing software that allows users to share media firm recently appointed Drew Vollero as the company’s first CFO.
Reddit’s Industry
Reddit is a social media website that provides users with a network of communities whose users post news stories, images, videos, and links.   A user’s standing within these communities is determined by the content they share and its evaluation by other users. Reddit also is well known for its online discussion forums on politics, entertainment, and other topics.  Reddit faces a long list of competitors, including Facebook Inc. (FB), Twitter Inc. (TWTR), and Google parent Alphabet Inc. (GOOGL). Some lesser-known competitors include Digg, Tumblr, Quora, 9GAG, and Gizmodo Media Group. 
Fundraising and Financials
Reddit was valued at $6 billion in its latest round of funding, which took place in February 2021. The company raised another $250 million in the latest round, which was led by Vy Capital. Reddit was previously valued at $3 billion after raising $300 million in its last funding round in February 2019, including investments from Tencent Holding Ltd. (TCEHY), Sequoia Capital, Fidelity, Tacit Capital, and Snoop Dogg. Reddit has raised about $800 million in total funding to date.
The company boasts over 52 million daily active users and more than 50 billion average screen views per month on its website. Reddit generated more than $100 million in total ad revenue in 2019 and that figure is expected to rise over 70% for 2020, Chief Operating Officer (COO) Jen Wong told the Wall Street Journal late in 2020. Following Reddit’s funding round in February 2019, CNBC estimated that the company was pulling in an average revenue per user (ARPU) of approximately $0. 30, far less than Twitter’s ARPU of $9. 48 and Facebook’s $7. 37 at the time.
History and Leadership
The San Francisco, California-based company was founded in 2005 by Steve Huffman and Alexis Ohanian.  The two were college roommates and founded the company soon after graduating from the University of Virginia.  Reddit was acquired by Condé Nast Publications in 2006 and was subsequently spun off into an independent company in 2011.  Huffman is Reddit’s current CEO and serves as one of the company’s board members.  Ohanian stepped down as a board member in June 2020, and asked that he be replaced by a Black candidate.  Reddit subsequently named Y Combinator CEO Michael Seibel as Ohanian’s replacement. 
Recent Developments
On March 5, 2021, Reddit announced the appointment of Drew Vollero as the company’s first chief financial officer (CFO). Vollero has more than 30 years of experience leading finance functions at different companies in order to position them for growth. He most recently worked as CFO at Allied Universal and he also served as Snap Inc. ‘s (SNAP) first CFO. The new appointment comes as Reddit explores the possibility of going public. CEO Steve Huffman told the Wall Street Journal that the company is in the initial stages of exploring an initial public offering (IPO), but the timing for doing so has yet to be determined.
On December 13, 2020, Reddit announced that it had acquired short-form video social platform Dubsmash, which offers a free app for creating and sharing user-generated videos. Financial terms of the deal were not disclosed.
How Reddit Reports Diversity & Inclusiveness
As part of our effort to improve the awareness of the importance of diversity in companies, we offer investors a glimpse into the transparency of Reddit and its commitment to diversity, inclusiveness, and social responsibility. We examined the data Reddit releases. It shows Reddit does not disclose any data about the diversity of its board of directors, C-Suite, general management, and employees overall. It also shows Reddit does not reveal the diversity of itself by race, gender, ability, veteran status, or LGBTQ+ identity.

What Makes Reddit So Awesome – Wix.com

If you’re unfamiliar with the universe of Reddit you are missing out on some serious internet pleasure as well as a great social media marketing tactic. Founded in 2005 by a couple of students with some time on their hands, this bulletin board is home to one of the most vibrant, clever, nutty and hilarious communities online, numbering hundreds of millions of visitors each is divided to thematic sections called “subreddits. ” In each section, members post forum-like threads of content – it could be a link, a story, a photo, a survey, etc. – accumulating replies as well as “up” or “down” votes to rate the quality of the post. The end result is a multitude of original and fun content that will take up hours of your day if you don’t practice illustrate more clearly what makes Reddit so awesome and addictive, we compiled a list of our favorite Reddit qualities. If you’re a dedicated redditor, feel free to share yours in the comments:1. Because It’s Not about Showing OffRestroom selfies? Not in here! Unless you’re going for sarcasm, that is. Reddit is not a social network that encourages (or imposes) the type of non-stop exhibitionism that you find on so many other social platforms. A redditor’s profile only shows you their previous threads and their ranking – no relationship status, business CV or anything like that. 2. Because of the AMA SubredditAsk Me Anything is one of the most popular and intriguing sections on the site. Anyone can go on it, present a certain aspect of their life and take questions from the audience. The interactions vary from a self-proclaimed “extreme couponer” being asked if store clerks hate him to President Barack Obama asked to share the recipe for the White House beer. 3. Because You Learn So Much! There’s a reason why Reddit is so popular with the nerdy slice of the world’s population. It’s an incredible source of information on pretty much every field of human knowledge. You can browse through the many subreddits in philosophy, languages, coding, molecular gastronomy or whatever makes your mind hungry. Our recommendation: Don’t skip the Today I Learned subreddit, which contains hours of fun, enlightening and sometimes utterly useless trivia bits. 4. Because It’s A CommunityReddit has a bad reputation for being filled with trolls and anonymous weirdos. While these users are definitely around, they are not representative of the majority of redditors at all. You will find people giving free legal advice, comforting others in pain, help members to organize surprises for loved ones, and many other kind proof? Our favorite for the moment is this guy soliciting photos from around the world to make a special engagement proposal to his sweetheart. 5. Because Redditors Have the Best and Craziest HumorA group of people get together to count up to a million 1, 001, 805. This is not a social experiment, it’s a Reddit pastime. The counting games are just one example of the whacky and hilarious fun that Reddit brings out of people. On another occasion, a “test post please ignore” thread got 2, 205 snarky these seem too random for you, don’t worry about it. You’ll definitely crack up at this thread of parents sharing their kids’ funniest moments, or at the Not The Onion subreddit for news that is too crazy to be The Wix Team

Frequently Asked Questions about what us reddit

What is Reddit known for?

Reddit is a social media website known for its discussion forums on politics, sports, entertainment, and other topics. The company generates revenue through advertising and an ad-free premium membership plan.Mar 21, 2021

Why is Reddit so popular?

There’s a reason why Reddit is so popular with the nerdy slice of the world’s population. It’s an incredible source of information on pretty much every field of human knowledge. You can browse through the many subreddits in philosophy, languages, coding, molecular gastronomy or whatever makes your mind hungry.Apr 1, 2016

What kind of company is Reddit?

Condé Nast Publications acquired the site in October 2006. In 2011, Reddit became an independent subsidiary of Condé Nast’s parent company, Advance Publications….Reddit.show ScreenshotType of businessPrivateType of siteSocial newsAvailable inEnglish, MultilingualFoundedJune 23, 200515 more rows