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Reddit Files For IPO, Will List On NYSE Under Stock Symbol ‘RDDT’; CEO Touts “Conversation From The Sublime To The Ridiculous”
Social media platform Reddit announced plans to go public this year. Known for communities like wallstreetbets, behing the meme stock craze.
Social media platform Reddit filed with the SEC today for an initial public offering, a move anticipated for years by the company, which was founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz. It boasts 100k+ communities, or subreddits, including wallstreetbets, the home of meme stock traders who upended Wall Street in 2021, taking shares of GameStop and others to the moon. “Reddit is not a social media platform optimized for self-display; it is a community that rewards candor and honest advice.”
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