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Reddit

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Reddit /ˈrɛdɪt/, stylized as reddit,is an entertainment, social networking, and news website where registered community members can submit content, such as text posts or direct links, making it essentially an online bulletin board system. Registered users can then vote submissions up or down to organize the posts and determine their position on the site's pages. Content entries are organized by areas of interest called "subreddits." The subreddit topics include news, gaming, movies, music, books, fitness, food, and photosharing, among others.

Reddit was founded by University of Virginia roommates Steve Huffman and Alexis Ohanian in 2005. Condé Nast Publications acquired the site in October 2006. Reddit became a direct subsidiary of Condé Nast's parent company, Advance Publications, in September 2011. As of August 2012, Reddit operates as an independent entity, although Advance is still its largest shareholder.Reddit is based in San Francisco, California. In October 2014 reddit raised $50 million in a funding round led by Sam Altman and including investors Marc Andreessen, Peter Thiel, Ron Conway, Snoop Dogg and Jared Leto. Their investment saw the company valued at $500 million.[The site is a collection of entries submitted by its registered users, essentially a bulletin board system. The name "Reddit" is a play-on-words with the phrase "read it," i.e., "I read it on Reddit." The site's content is divided into numerous categories, and 50 such categories, or "default subreddits," are visible on the front page to new users and those who browse the site without logging in to an account. As of May 2014, these include:
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