In February 2019, a $300 million funding round led by Tencent brought the company's valuation to $3 billion. In July 2017, Reddit raised $200 million for a $1.8 billion valuation, with Advance Publications remaining the majority stakeholder. Their investment valued the company at $500 million then.

In October 2014, Reddit raised $50 million in a funding round led by Sam Altman and including investors Marc Andreessen, Peter Thiel, Ron Conway, Snoop Dogg, and Jared Leto. In 2011, Reddit became an independent subsidiary of CondГ© Nast's parent company, Advance Publications. CondГ© Nast Publications acquired the site in October 2006. Reddit was founded by University of Virginia roommates Steve Huffman and Alexis Ohanian, with Aaron Swartz, in 2005. adults aged 30 to 49 years, regularly use Reddit.

adults aged 18 to 29 years, and 14 percent of U.S. About 42вЂ“49.3% of its user base comes from the United States, followed by the United Kingdom at 7.9вЂ“8.2% and Canada at 5.2вЂ“7.8%. ДЄs of September 2021, Reddit ranks as the 19th-most-visited website in the world and 7th most-visited website in the U.S., according to Alexa Internet. Moderation is also conducted by community-specific moderators, who are not Reddit employees. Reddit administrators moderate the communities. Submissions with more upvotes appear towards the top of their subreddit and, if they receive enough upvotes, ultimately on the site's front page. Posts are organized by subject into user-created boards called 'communities' or 'subreddits'. Registered members submit content to the site such as links, text posts, images, and videos, which are then voted up or down by other members. Reddit ( / Л€ r Й› d ЙЄ t/, stylized as reddit) is an American social news aggregation, web content rating, and discussion website.

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