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The Evolution and Independence of Reddit
Exploring Reddit's early years, including the growth of its popularity algorithm, struggles with attracting users, competition with Digg, acquisition by Conde Nast, regrets post-acquisition, and the subsequent departure of the founders. The chapter also covers the decision to sell Reddit, differentiation from competitors, the user revolt on Digg, and the transition to operational independence in 2011.
In this week's episode, I dive into the origin, evolution, and challenges of Reddit— the internet’s greatest example of how a website can attract millions of users every single day... with no idea how to turn that devoted community into a viable business model.
Timestamps:
4:45 The origin of Reddit
7:23 Condé Nast acquires Reddit
9:44 The rise of Reddit
12:39 Reddit gains independence
16:00 Significant controversies
16:23 Misidentifying the Bostom bomber
17:48 NSFW content
20:00 AMAggedon
22:11 Snark Reddit & Trishyland
24:30 Gamestop
27:37 The future of Reddit
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Sources:
https://www.cnbc.com/2018/07/27/reddit-founder-alexis-ohanian-study-computer-science-in-college.html
https://mashable.com/archive/history-of-reddit
https://www.technologyreview.com/2012/07/18/184890/why-did-reddit-succeed-where-digg-failed/
https://x.com/alexisohanian/status/1322927843421179904
https://techcrunch.com/2006/10/31/breaking-news-conde-nastwired-acquires-reddit/
https://techcrunch.com/2009/10/27/three-years-after-their-acquisition-reddit-founders-move-on/
https://techcrunch.com/2010/08/25/new-digg-launch/
https://www.cnet.com/culture/digg-bringing-back-the-bury-changing-its-look/ https://www.huffpost.com/entry/reddit-digg-rivalry-heats_n_699225 https://www.wired.com/2011/09/reddit-spun-out/
https://www.forbes.com/sites/erikkain/2012/04/09/an-interview-with-new-reddit-ceo-yishan-wong/ https://www.theguardian.com/technology/2014/nov/13/reddit-ceo-yishan-wong-resign-office-space
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7489301/
https://www.theatlantic.com/technology/archive/2018/06/reddit-anonymity-privacy-authenticity/564071/
https://www.bbc.com/news/technology-22214511
https://www.businessinsider.com/reddit-falsely-accuses-sunil-tripathi-of-boston-bombing-2013-7
https://www.vox.com/2014/9/8/6121195/reddits-ban-of-thefappening-explained
https://time.com/3951150/reddit-crisis/
https://www.reddit.com/r/IAmA/comments/z1c9z/i_am_barack_obama_president_of_the_united_states/
https://slate.com/technology/2015/07/reddit-amageddon-what-its-really-about.html
https://www.wired.com/2015/07/reddit-amageddon/
https://www.vox.com/2015/7/8/8914661/reddit-victoria-protest
https://nymag.com/intelligencer/2015/10/reddit-founder-steve-huffman.html
https://centennialworld.com/trisha-patyas-snark-subreddit-trishyland-permanently-banned/
https://www.wired.com/story/reddit-the-donald-banned/
https://x.com/endtwist/status/1354547622133051393
https://www.vox.com/the-goods/22249458/gamestop-stock-wallstreetbets-reddit-citron
https://www.wired.com/story/gamestop-stock-wall-street-bets-short-squeeze/
https://www.ft.com/content/9c363902-b627-4b99-a2d4-b7b403c9d8ea
https://centennialworld.substack.com/p/a-bad-week-for-big-tech
https://www.cnbc.com/2023/07/30/reddits-rise-to-prominence-recent-revolts-and-future-prospects.html
https://techcrunch.com/2020/06/05/alexis-ohanian-steps-down-reddit-board/
https://techcrunch.com/2024/02/22/reddit-files-to-go-public-at-last/
https://www.axios.com/2024/02/21/reddit-stock-rewards-closer
https://www.wsj.com/finance/stocks/reddit-stock-ipo-buyers-users-58744446
https://techcrunch.com/2024/02/22/reddit-files-to-go-public-at-last/
https://www.theverge.com/24097069/reddit-ipo-public-investment-ai-training-data-google
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