What is Reddit?
Reddit is a vast network of communities that are created, run, and populated by users. It operates on a system of upvotes and downvotes to sort content and determine its visibility.
Reddit's Founding Story
Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit was initially funded by Y Combinator. It's now a staple of internet culture with a valuation over billions.
The Karma System
Karma is Reddit's scoreboard. Users gain 'post karma' for upvoted content and 'comment karma' for upvoted comments, fostering a gamified content-sharing experience.
With over 2 million subreddits, topics range from popular media and science to niche hobbies. Subreddits are moderated by volunteers with their own sets of rules.
Reddit's Secret Santa
One of Reddit's most heartwarming traditions is the annual Secret Santa gift exchange, which once included participation from celebrities like Bill Gates.
AMA - Ask Me Anything
Reddit's AMA sessions have featured prominent figures like Barack Obama and Elon Musk, providing a unique platform for unfiltered Q&A with the public.
Influence on Stock Market
In 2021, Reddit users from r/wallstreetbets influenced the stock market, manipulating shares of companies like GameStop and causing significant market upheaval.