Core Insights - Reddit, Inc. is celebrating its 20th anniversary as a significant platform for both mainstream news and niche internet content [1] Company History - Reddit was launched on June 23, 2005, by Steve Huffman and Alexis Ohanian, who were roommates at the University of Virginia [5] - The site was developed and launched in just 20 days, following encouragement from Y Combinator's Paul Graham [5] - The first 1,000 visitors were attracted after Graham mentioned Reddit in a popular essay on startups [5] - The mascot, Snoo, was created by co-founder Ohanian before the platform was even named [5] - Early promotional efforts included placing stickers around Boston and creating fake accounts to simulate popularity [5] Key Milestones - Reddit began accepting Bitcoin for Premium subscriptions in 2013, marking an early entry into cryptocurrency [5] - The most popular "Ask Me Anything" (AMA) post in 2021 received over 90,000 upvotes, featuring a lobster diver who survived being inside a whale [5] - The most commented post ever garnered over two million comments [5] User Engagement - Reddit hosts over 16 billion comments annually, averaging 45 million comments per day [5] - The most popular subreddit is /r/announcements, with over 100 million subscribers [5] - 61% of Reddit users are male, according to Statista [5] - Canada has the highest Reddit penetration rate, with nearly 45% of its population aged 13 and older using the platform [5] - As of 2025, Reddit has approximately 1.1 billion monthly active users, making it one of the largest social platforms globally [5] User Demographics - The average session duration on Reddit is about 16 minutes and 41 seconds, with users viewing an average of 5.26 pages per visit [5] - Users aged 13 to 24 years represent the fastest-growing demographic, with a 25% increase in sign-ups in 2024 [5] - Reddit is the most preferred platform among tech-savvy users aged 18-34 [5] Financial Performance - Reddit's fourth-quarter 2024 revenue reached $427.7 million, reflecting a 71% year-over-year increase [5] - The company's market capitalization is approximately $26.3 billion following its IPO in March 2024 [5] - Annual revenue for Reddit hit $1.3 billion in 2024, primarily driven by advertising [5]
20 Surprising Reddit Facts To Celebrate Its Milestone Birthday