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Steve Huffman, Reddit's CEO. On April 18, 2023, Reddit announced it would charge for its API service amid a potential initial public offering. [6] Speaking to The New York Times ' Mike Isaac, Reddit CEO Steve Huffman said, "The Reddit corpus of data is really valuable, but we don't need to give all of that value to some of the largest companies in the world for free".
Reddit (/ ˈ r ɛ d ɪ t / ⓘ) is an American social news aggregation, content rating, and forum social network. Registered users (commonly referred to as "Redditors") submit content to the site such as links, text posts, images, and videos, which are then voted up or down ("upvoted" or "downvoted") by other members.
The city of Carlotta, California was up for auction on eBay in February 2003. [3] In September 2004, the Indiana Firebirds arena football team was auctioned off, first in a regular auction that failed to reach the reserve price, [4] and again as a "Buy it Now" item for $3.9 million. [5]
Reddit probably won't be more valuable than Meta by 2040. Assuming Reddit matches analysts' estimates through 2026, continues to grow its revenue at a respectable CAGR of 25% from 2026 to 2040 ...
This year is dominated by the launch of numerous new subreddits. By the end of the year (except for a short-lived blip following the 2008 presidential election), no one subreddit (not even "reddit.com") would capture more than 50% of Reddit's attention. From the beginning of 2008 (to at least the end of 2012), there is a continual exponential ...
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