Reddit co-founder and CEO Steve Huffman was thrust into the spotlight last week after the social media platform filed for its initial public offering.
Reddit filed its long-anticipated initial public offering last week, making headlines with the revelation that CEO Steve Huffman's total compensation was a cool $193 million last year. Huffman, who co-founded the social media platform, has kept a relatively low profile, but Reddit's expected public debut in March is likely to thrust him further into the spotlight. Huffman launched Reddit with his college roommate, Alexis Ohanian, in 2005.
The pair sold Reddit to Conde Nast the next year for $10 million. They have both since expressed regret at selling for such a small amount at the time, given the platform's success. Huffman stayed on as acting CEO under the new ownership until 2009, the same year Ohanian left for other pursuits. Huffman went on to co-found travel website Hipmunk in 2010 with software developer Adam Goldstein.
In 2014, Ohanian returned to Reddit as executive chairman of the board, and Huffman returned as CEO in 2015. He has been working to take the company public for years. Ohanian, who is married to tennis champion Serena Williams, stepped down from Reddit's board in 2020, after he and Huffman reportedly had a falling out over content allowed on the platform, according to Wired.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Reddit publicly files IPO papers, detailing plans to license data, sell more ads‘Whatever people are into or going through, it is on Reddit,’ CEO says
Les mer »
Reddit’s IPO Filing Is Missing Something: Cofounder Alexis OhanianOnly one of Reddit’s two cofounders is named in a new filing that puts the company weeks away from going public. Alexis Ohanian and Steve Huffman, now CEO, fell out in 2020.
Les mer »
Felicity Huffman Is “Still Processing” the College Admissions ScandalNearly five years after serving 11 days in jail for paying someone to doctor her daughter’s SAT scores, Huffman reflects: “I’m not in any way whitewashing what I did, but some people have been kind and compassionate. Others have not.”
Les mer »
Reddit Is Invested In Bitcoin and Ethereum, SEC Filing ShowsCrypto Blog
Les mer »
Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock PriceIn its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”
Les mer »
Reddit’s biggest risk factor is GoogleAs Reddit has detailed in its IPO S-1 filing, Google is now paying it millions a year for AI training. What is less known: Reddit also depends on Google for a lot of traffic.
Les mer »