Reddit is one of the most popular social media platforms, known for its communities (subreddits), discussions, and viral content. But who actually owns Reddit? Let’s dive into its ownership and history.

Who Created Reddit?

Reddit was founded in 2005 by:
Steve Huffman – Co-founder & current CEO
Alexis Ohanian – Co-founder & entrepreneur
Aaron Swartz – Programmer & activist (joined later after a merger)

Their goal was to create a platform for sharing links and discussions on different topics.

Who Owns Reddit Now?

Reddit is owned by Reddit, Inc., a private company.
It is not owned by Google, Facebook, or any other tech giant.
Reddit is preparing to go public with an IPO (Initial Public Offering) in 2024.

Major Shareholders of Reddit

Since Reddit is still private, it is owned by investors and companies rather than public shareholders. The biggest owners include:

Advance Publications – The parent company of Condé Nast (originally bought Reddit in 2006).
Tencent – A Chinese tech giant that invested in Reddit in 2019.
Sequoia Capital – A major venture capital firm.
Fidelity Investments – A financial services company.

Even though Steve Huffman is the CEO, Reddit’s ownership is controlled by its investors.

How Does Reddit Make Money?

Advertising – Reddit earns money from sponsored posts and display ads.
Reddit Premium – A paid subscription that removes ads and provides perks.
Coins & Awards – Users buy virtual items to reward posts and comments.

Most of Reddit’s revenue comes from advertising and premium subscriptions.

Is Reddit Owned by Google or Facebook?

No, Reddit is independent and is not owned by Google, Facebook, or any big tech company.
However, Tencent (a Chinese tech company) owns a stake in Reddit.