You will be redirected back to your article in seconds

Reddit CEO: Company May Go Public by 2020

Reddit may go public by 2020, said CEO and co-founder Steve Huffman during a keynote conversation at the Internet Association’s Virtuous Circle Summit on Monday. “The time frame is pretty far out,” he admitted. However, he also argued that going public was inevitable for Reddit to both reward employees and investors, calling it “the only responsible choice” for the company.

Huffman co-founded Reddit in 2005, and sold it to Conde Nast in 2006. On Monday, Huffman credited the magazine publisher with saving Reddit at the time: “When we sold the company, we were only four people. And we were fairly dysfunctional.” However, he also said Reddit couldn’t have grown to where it is now if it had stayed within Conde Nast, in part because of the need to give equity to employees.

Throughout this evolution, Reddit has also changed its position on producing media on its own. At one point, the company was looking to produce original editorial content, and even launched its own news site called Upvoted — only to shutter it soon after. “We shut that down to focus on our core product,” Huffman said.

Ultimately, the company realized that others were better at producing media. “That’s just really not in our DNA,” he said. 

Instead, Reddit has found success in partnering with media organizations, and has also gotten a lot of interest from Hollywood, he said. For instance, Netflix advertised on Reddit, asking users to review one of its shows, and promising them Reddit rewards in return. Our largest advertisers are largely in the entertainment space,” Huffman said. 

More Digital

  • Lou Pearlman Dead

    Documentary on Disgraced Boy-Band Producer Lou Pearlman Ordered by YouTube Red

    Reddit may go public by 2020, said CEO and co-founder Steve Huffman during a keynote conversation at the Internet Association’s Virtuous Circle Summit on Monday. “The time frame is pretty far out,” he admitted. However, he also argued that going public was inevitable for Reddit to both reward employees and investors, calling it “the only […]

  • Netflix Stock All Time High

    Netflix Might Soon Be Worth More Than Disney

    Reddit may go public by 2020, said CEO and co-founder Steve Huffman during a keynote conversation at the Internet Association’s Virtuous Circle Summit on Monday. “The time frame is pretty far out,” he admitted. However, he also argued that going public was inevitable for Reddit to both reward employees and investors, calling it “the only […]

  • Spotify logo is presented on a

    Spotify Announces Dramatic Upgrade for Free Service to Increase Paying Subscribers

    Reddit may go public by 2020, said CEO and co-founder Steve Huffman during a keynote conversation at the Internet Association’s Virtuous Circle Summit on Monday. “The time frame is pretty far out,” he admitted. However, he also argued that going public was inevitable for Reddit to both reward employees and investors, calling it “the only […]

  • Crackle - The Oath season one

    50 Cent's 'The Oath' Renewed for Season 2 by Sony's Crackle

    Reddit may go public by 2020, said CEO and co-founder Steve Huffman during a keynote conversation at the Internet Association’s Virtuous Circle Summit on Monday. “The time frame is pretty far out,” he admitted. However, he also argued that going public was inevitable for Reddit to both reward employees and investors, calling it “the only […]

  • The-Roku-Channel_ABC-News

    ABC Launches New 24/7 Online News Network 'ABC News Live' Exclusively on Roku Channel

    Reddit may go public by 2020, said CEO and co-founder Steve Huffman during a keynote conversation at the Internet Association’s Virtuous Circle Summit on Monday. “The time frame is pretty far out,” he admitted. However, he also argued that going public was inevitable for Reddit to both reward employees and investors, calling it “the only […]

  • APOS: HOOQ Adds Content for Indonesia

    APOS: HOOQ Adds Content for Indonesia Via Strategic Deals

    Reddit may go public by 2020, said CEO and co-founder Steve Huffman during a keynote conversation at the Internet Association’s Virtuous Circle Summit on Monday. “The time frame is pretty far out,” he admitted. However, he also argued that going public was inevitable for Reddit to both reward employees and investors, calling it “the only […]

  • YouTube logo

    YouTube Deleted 8 Million Videos in Q4, Mostly Porn and Spam

    Reddit may go public by 2020, said CEO and co-founder Steve Huffman during a keynote conversation at the Internet Association’s Virtuous Circle Summit on Monday. “The time frame is pretty far out,” he admitted. However, he also argued that going public was inevitable for Reddit to both reward employees and investors, calling it “the only […]

More From Our Brands

Access exclusive content