- Dec 19, 2019
- 940
- 296
Steve huffman, the cofounder and CEO of reddit, is now a billionaire - worth around $1.2 billion.
It took him 20 years to reach this point. Reddit struggled for a long time without profit, but now it's finally doing great - 5 profitable quarters in a row and record earnings.
Image Source - Semrush
Most of Reddit's money now comes from ads and AI data deals with Google and OpenAI. Traffic has also exploded - Google searches linking to reddit are up over 500% in just 2 years.
The crazy part? Huffman sold reddit for only $10 million back in 2006. Years later, he came back as CEO, rebuilt the company, and turned it into one of the biggest platforms in the world.
Now he says, Reddit is all about being "for humans, by humans"
Reddit is growing fast - more people, more views, more reach.
If you are smart, now's the time to use it and make money from it.
Because when the next wave comes,the people already using it will win first.
It took him 20 years to reach this point. Reddit struggled for a long time without profit, but now it's finally doing great - 5 profitable quarters in a row and record earnings.
Image Source - Semrush
Most of Reddit's money now comes from ads and AI data deals with Google and OpenAI. Traffic has also exploded - Google searches linking to reddit are up over 500% in just 2 years.
The crazy part? Huffman sold reddit for only $10 million back in 2006. Years later, he came back as CEO, rebuilt the company, and turned it into one of the biggest platforms in the world.
Now he says, Reddit is all about being "for humans, by humans"
Reddit is growing fast - more people, more views, more reach.
If you are smart, now's the time to use it and make money from it.
Because when the next wave comes,the people already using it will win first.