đâš Did you know?
In 2005, Steve Huffman and Alexis Ohanian co-founded Reddit as part of the first-ever Y Combinator accelerator classâwhile still in college! đ What started as late nights of coding and gaming đź turned into one of the most influential platforms on the internet.
đĄ Within 18 months, Reddit was acquired by Advance Publications (owner of CondĂ© Nast) for $10M. Today, Advance remains the largest shareholder, holding 22.63% of the company.
Reddit hosts over 100,000 forums, all managed by its passionate users. The platform gained mainstream fame with its @wallstreetbets forum, playing a key role in the 2021 GameStop âmeme stockâ frenzy đđ°.
Oh, and about Alexis being excluded from Redditâs S-1 filing? He just responded with this: ÂŻ\(ă)/ÂŻ.