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The social media company announced the plan in its IPO filing last week and is now sharing more details about how users can become one of its, in Reddit’s own words, “(non-corporate) overlords.”
Reddit boasts 73 million daily active unique users and some 267 million weekly active unique users across more than 100,000 boards, or subreddits, according to the company’s prospectus.
Reddit has turned a profit for the first time as a public company. The social platform claimed a profit of $29.9 million, or 16 cents per share, for the period ending in September, and reported ...
Reddit's logo consists of a time-traveling alien named Snoo and the company name stylized as "reddit". The alien has an oval head, pom-pom ears, and an antenna. [175] Its colors are black, white, and orange-red. [175] The mascot was created in 2005 while company co-founder Alexis Ohanian was an undergraduate at the University of Virginia. [176]
Steve Huffman (born 1983 or 1984), also known by his Reddit username spez (/ s p ɛ z /), is an American web developer and entrepreneur.He is the co-founder and CEO of Reddit, a social news and discussion website, which ranks in the top 20 websites in the world. [4]
As of 2016 BDP was reported to be the UK's second largest architecture firm, with 950 employees. In March 2016, the Japanese engineering firm Nippon Koei bought all of the stock of BDP for a total sale price of £102.2 million. [3] In 2017, BDP was appointed architect for the refurbishment project for the Palace of Westminster. [4]
Despite being in business for almost 20 years, Reddit has never turned a profit. Last year the company saw sales rise 21% year over year to $804 million. The net loss clocked in at $90.8 million.
A Business Development Company ("BDC") is a form of unregistered closed-end investment company in the United States that invests in small and mid-sized businesses. This form of company was created by the US Congress in 1980 in the amendments to the Investment Company Act of 1940. Publicly filing firms may elect regulation as BDCs if they meet ...