Reddit, founded in 2005 by Steve Huffman and Alexis Ohanian, is a social media platform and news aggregator. It has over 100,000 active communities and 73 million average daily active users. Reddit generates revenue through advertising and data licensing and had $800 million in ad revenue in 2023. The company was acquired by Condé Nast in 2006 and later became independent in 2011, with Advance Publications remaining its majority shareholder.