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The Latest Breaking News from Steve Huffman

Reddit cofounder once walked away with $10 million—He returned and helped lead the company to a $40 billion market cap today

Before Reddit became a $41 billion giant, its founders sold it for just $10 million.

Fortune

Is the Reddit-ChatGPT Love Affair Over?

With ChatGPT relying less on Reddit, shares of RDDT plummeted last week. But the company’s licensing agreements and core ad business should continue to produce.

MarketBeat

Millionaire Alexis Ohanian walked out of the LSAT 20 minutes in, went to a Waffle House and decided he was ‘gonna invent a career'—he founded Reddit

Reddit, now worth more than $40 billion, would have never happened without Alexis Ohanian ditching law school in favor of entrepreneurship.

Fortune

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Reddit CEO Steve Huffman Is Selling RDDT Stock. Should You?

Reddit insiders have been selling company shares in August. But Argus Research recommends sticking with RDDT stock for the longer term.

Barchart

Consumer Tech News (July 28–August 1): Earnings From Apple, Microsoft, and Amazon Offset by Fed Jitters, Tariff Woes

Despite strong quarterly earnings from major tech firms, Wall Street ended the week lower as investor focus shifted to mounting macroeconomic risks.

Benzinga

Reddit's pausing its paid subreddit plans and focusing on 'making Reddit the go-to place for search,' presumably because we're all adding 'reddit' to everything we Google anyway

Probably for the best.

PC Gamer

Reddit CEO Steve Huffman Says AI Learns From Us, Doesn't Invent Knowledge: 'Can't Have Artificial Intelligence Without Actual Intelligence'

Reddit Inc. (NYSE:RDDT) CEO Steve Huffman believes the future of artificial intelligence relies fundamentally on human input—not machine invention.

Benzinga

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Reddit Turns 20, CTO Explains Why The Platform Is No Google Or OpenAI But Is Also Unlike X, Instagram And TikTok

As Reddit Inc. (NYSE:RDDT) celebrates its 20th anniversary, CTO Chris Slowe discussed how the platform's unique blend of AI-powered search and human-driven content distinguishes it from both traditional search engines like Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and AI companies like OpenAI, as well as social media giants like Elon Musk's…

Benzinga

AI Warning: Why Analysts Think It May Be Time to Sell Reddit Stock

A Wells Fargo analyst just pumped the brakes on Reddit, citing Google’s evolving AI Search as a silent disruptor.

Barchart

Elon Musk ‘pressured’ Reddit CEO to remove DOGE posts

World’s richest man’s alleged private plea came after a slew of attacks against his government slashing force and X links being banned on subreddits over his infamous salute

The Independent UK

First He Bought Twitter—Now Elon Musk's Trying to Control Reddit Too, Here's How

Elon Musk's attempts to shape Reddit's content moderation following his Twitter takeover have sparked controversy and his leadership of DOGE faces backlash.

International Business Times UK

Musk 'Pressured' Reddit CEO to Silence DOGE Critics, Leaving Moderators Outraged: Report

Billionaire Tesla CEO and Trump ally Elon Musk allegedly pressured the CEO of social media platform Reddit to stifle users criticizing him or President Donald Trump, leaving platform moderators furious.

Latin Times

Is Reddit going behind a paywall? Website bosses confirm new ‘paid subreddits’ feature

Company has been attempting to diversify its revenue streams recently

The Independent UK

Reddit CEO outlines plan to roll out paid subreddits later this year

Reddit's CEO announced plans to roll out paid subreddits later this year, though exact details remain unclear.

Tom’s Guide

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Pedestrian.tv

Reddit CEO Announces Paid Subreddits Are Coming Soon And Be So For Real RN

Reddit CEO Steve Huffman has announced that the site will soon introduce paid subreddits and content in 2025.

The Guardian - US

TechScape: X reaches its final form: Elon Musk has bent it to his will

The evolution of Musk’s X network is complete; why Reddit is profitable; and niche Halloween costumes

Fortune

Sam Altman’s decade-old investment in Reddit is now worth over a billion dollars

Altman has known the Reddit founders since they were in the first class at Y Combinator, the famed startup accelerator he would go on to lead.

The Guardian - US

Reddit shares soar after company turns first profit as a public company

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue

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The Independent UK

Reddit's explosive user growth and AI tools help it soar to its first-ever profit

For the first time in its nearly 20-year history, Reddit is turning a profit

TechRadar

Reddit will use AI to summarize its insanely long threads and could transform the service

Reddit will roll out an AI summarization tool for threads.

Windows Central

Reddit CEO says it's “a real pain in the ass to block these companies" from crawling the site, says Microsoft refuses to negotiate

Microsoft is reportedly refusing to pay for scrapping data from Reddit, or rather, it refuses to even talk to Reddit, so says its CEO in a new interview.

International Business Times

Reddit Gives OpenAI Access To Its Wealth Of Posts

OpenAI will have access to Reddit data for training its artificial intelligence models and will put its technology to work at the popular discussion platform, the companies said Thursday.

Al Jazeera

Social media company Reddit soars to $9bn valuation in Wall Street debut

San Francisco-based social media platform’s shares close at $50.44 in long-awaited initial public offering.

The Guardian - US

Reddit shares soar on first day of public trading

Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bn

WEKU

Reddit stock starts trading 38% above initial public offering price

Reddit, the San Francisco social media site that describes itself as "the front page of the internet," is debuting as a public stock on Thursday.

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