A Concise Account Of Reddits Origin

Did you know that /r/announcements has the highest number of subscribers among all subreddits, with over 100 million?

Reddit is one of the world’s most-visited websites and one of the largest forums.

Since its inception in 2005, Reddit has been a platform to share and discuss topics, and upvote them accordingly.

The forum is a hub for learning, sharing, debating, and a place for many to build a community.

Here’s a brief history of how Reddit came to be.

Reddit was established in June 2005.

Steve Huffman and Alexis Ohanian founded Reddit on June 23, 2005, in Medford, Massachusetts.

At the time, they were roommates and University of Virginia students who started building Reddit for fun.

American startup funder Y Combinator (YC) granted Reddit $100,000. Later that year, Reddit merged with Infogami and began working with Aaron Swartz.

Swartz rewrote Reddit’s codebase using the program he had created for Infogami.

Both sites struggled to gain traction on their own, but when they merged to form Reddit, the site began to take off.

Shortly after its launch, features like commenting were added in December 2005.

Reddit became a place where people could discuss and share their thoughts and ideas.

Condé Nast Publications acquired Reddit.

In 2006, Condé Nast Publications purchased Reddit. Huffman and Ohanian sold Reddit for approximately $10-$20 million.

The team relocated to San Francisco, where Reddit started to become more of a corporate business.

It wasn’t until 2011 that it eventually became independent alongside Condé Nast and became its own subsidiary of the parent company Advance Publications.

Reddit Gold was launched in 2010.

Reddit needed to generate revenue from its site, so besides advertising, they introduced memberships.

The Gold Membership, also known as Reddit Premium, gave editors more advantages and created a new source of income for Reddit.

In 2013, Reddit began collaborating with Bitcoin and allowed Gold subscriptions to be paid with Bitcoin.

In 2018, Reddit Gold was rebranded as Reddit Premium and cost legacy members $3.99 a month and new members $5.99 a month.

Another upgrade to the rebrand was allowing users to give other editors coins.

Initially, as part of the Reddit Gold package, you could only award gold coins to other users.

But in 2018, silver and platinum coins were introduced as rewards to gift other users for their comments and contributions.

As of 2021, Reddit had over 2.6 million subreddits.

Initially, Reddit began with only a few subreddits. A subreddit is a thread created by users that focuses more on a specific topic.

This allows users to categorize information or discussions in a simple and more precise way.

Once a subreddit is created, it remains on the site forever.

However, out of these 2.6 million subreddits, only around 100,000 were active as of 2021.

The most popular subreddit is /r/announcements, with over 100 million subscribers.

Reddit had over 300 million posts in 2020.

As of 2021, Reddit has become the 8th most popular website and its growth is still ongoing.

Last year, the average daily active users were recorded at 52 million, which is a 44% increase compared to the previous year.

There were 303.4 million posts, showing a 52.4% increase compared to previous years.

In 2020, there were 49.2 billion upvotes, demonstrating a 53.8% increase compared to previous years.

Summing Up

Reddit has come a long way from being a college side project created by Huffman and Ohanian to becoming a subsidiary company alongside Condé Nast.

Despite a slow start, Reddit has become a global leader in discussions.

The site encourages all users to create discussions and debates through memberships and their own currency, making it creative when it comes to generating income aside from advertisements.

FAQ

1. What is Reddit?

Reddit is a social news and discussion website where users can post and interact with content related to a wide range of topics. Users can submit links, images, text posts, and comments on existing posts. The platform is organized into communities called subreddits, each devoted to a specific topic or interest.

2. When was Reddit created?

Reddit was founded on June 23, 2005, by Steve Huffman and Alexis Ohanian, who were college roommates at the University of Virginia. The site was launched as a way for people to share interesting links and have discussions about them.

3. How has Reddit grown over the years?

Since its launch, Reddit has grown to become one of the largest and most influential websites on the internet. As of 2021, the site has over 430 million active users and over 130,000 active communities. Reddit has also been the birthplace of many viral memes and internet trends.

4. What are some notable moments in Reddit’s history?

One of the most notable moments in Reddit’s history was the “Ask Me Anything” (AMA) feature, which launched in 2009. The AMA format allowed users to ask questions of notable people, including celebrities, politicians, and experts in various fields.

5. How has Reddit been involved in politics?

Reddit has played a significant role in politics over the years. During the 2016 US presidential election, Reddit was a hub for both Donald Trump and Bernie Sanders supporters. In recent years, Reddit has taken steps to crack down on hate speech and misinformation on its platform, particularly in political communities.

6. How has Reddit impacted internet culture?

Reddit has had a significant impact on internet culture, with many viral memes and trends originating on the site. Some of the most notable examples include the “Rickrolling” prank, the “Advice Animals” meme, and the “Roast Me” trend.

7. What are some criticisms of Reddit?

One of the main criticisms of Reddit is that it can be a breeding ground for hate speech and harassment. The site has also come under fire for its lack of moderation in some communities, which has allowed hateful and extremist content to thrive.

8. What is the future of Reddit?

As Reddit continues to grow and evolve, it will likely face new challenges and opportunities. The site has already taken steps to address some of its past issues, such as cracking down on hate speech and misinformation. It remains to be seen what new features and innovations Reddit will introduce in the coming years.

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