Share Price
$150
Current trading price per share
Market Cap
$25,658.5M
Total market capitalization
Enterprise Value
$25,858.7M
Market cap plus debt minus cash
About Reddit Inc.
Reddit Inc., listed on the NYSE with the ticker RDDT, is a leading social media platform headquartered in San Francisco, California. Founded in 2005 by Steve Huffman and Alexis Ohanian, it originated as a forum for user-generated content and discussions across diverse topics. Its business model revolves around advertising revenue, premium subscriptions, and data licensing, fostering vibrant online communities known as subreddits. Core operations include moderating user posts, facilitating real-time interactions, and leveraging algorithms to personalize content feeds, serving millions of daily active users worldwide with a focus on anonymity and community-driven governance.
Reddit incorporates Bitcoin into its treasury strategy, holding it alongside Ether as a reserve asset to diversify excess cash reserves and explore alternative financial instruments. This reflects a measured approach to integrating digital currencies within corporate finance. Beyond treasury management, the company pursues a broader digital asset strategy, accepting Ether for certain virtual goods and utilizing blockchain technology for community points systems, which enable tokenized rewards and enhance user engagement in decentralized ecosystems.
Under the leadership of CEO Steve Huffman, Reddit holds a dominant industry presence as a hub for global conversations, influencing trends in technology, finance, and culture. Its executive team drives innovation in user experience and monetization. By embracing digital assets and community empowerment, Reddit ensures long-term relevance in the intersection of social media and decentralized finance.
Recent Developments
- Dec 22, 2023: Bitcoin holdings maintained position to 0 BTC with cost basis of $43.8K
Reddit Inc. β Bitcoin Holdings Over Time
December 22, 2023 - Present
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Reddit Inc. β Stock vs BTC Dynamics
December 22, 2023 - Present
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Balance Sheet History
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