Business, Spoken Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian
Feb 26, 2024
Reddit's IPO filing is missing one of its cofounders, highlighting the rift between Alexis Ohanian and Steve Huffman. The podcast delves into Reddit's ownership structure, special share sale to power users, and the dynamics between the co-founders with conflicts, successes, and a major data deal with Google.
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Co-founder History
- Reddit co-founders Steve Huffman and Alexis Ohanian lived together for eight years, initially as college roommates.
- They later worked together on Reddit, which now has nearly 270 million users.
Ohanian Omitted
- Reddit's IPO filing omits mention of co-founder Alexis Ohanian, reflecting a schism between him and CEO Steve Huffman.
- This omission is notable as Ohanian was the public face of Reddit during its formative years.
2020 Split
- Huffman and Ohanian split in 2020 over handling hateful content on Reddit.
- Ohanian resigned from the board, requesting a Black replacement, while Huffman blamed him for leaks and warned staff about associating with him.