How Much Data Does Reddit Use

In a second endeavour to be ane of the first inductees of the startup incubator Y Combinator, University of Virginia roommates Steve Huffman and Alexis Ohanian built Reddit, which they labelled "the front page of the internet".

The site functionality remains much the aforementioned as it was back in 2005. Users write posts, upload photos, videos and link to other parts of the internet. To organise the content, Redditors upload to specific subreddits. If the post receives a lot of attention, it may exist featured on /r/all, the front page.

A year after launch, Reddit sold to Conde Nast Publications for $20 million. Conde Nast owners Advance Publications moved Reddit to its ain subsidiary a few years later. It remains the largest shareholder, although a recent investment by Tencent may have diluted its stake.

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Huffman and Ohanian, aslope other early Reddit employees Aaron Swartz and Christopher Slowe, left Reddit in the side by side few years. While many in the Reddit community liked the rather spider web ii.0 look, it began to lag behind the other social networks rapidly gaining traction, such as Facebook and Twitter.

It wouldn't be until 2015, later on a succession of CEOs brought in by Accelerate Publications, that the original duo of Huffman and Ohanian would take back the reigns. At this point, Reddit had built a tight-knit community, only had several central issues which scared advertisers and new users.

While it took a few years, Huffman (led past ex-CEO Ellen Pao'southward anti-harassment policy) began to ban a lot of the less desirable subreddits and dish out harsher punishments to those harassing, doxing and insulting other people.

Reddit still makes a slither of revenue from advertisement in comparison to Facebook and Twitter, yet information technology has started to see existent progress, growing its advertising business organization by 112 percent in the concluding two years.

Huffman has preceded over a greater push to mobile. For the first x years of Reddit'due south existence, it immune third-party developers to build apps for the website, only in the past 5 years it has dedicated far more time to its first-party offer.

Reddit as well updated its website and app, updating it to fit with the pattern trends of the by few years. This sparked pushback by Redditors, and then web users are able to reset the pattern to the older version.

The updates to design and harassment seem to have been disquisitional to Reddit's ii recent funding rounds, the near recent valued the company at $six billion. In 2020, Reddit was the epicentre of the /r/WallStreetbets curt squeeze on hedge fund managers, using the Robinhood app. This drew in millions of new users to the platform.

We have collected data and statistics on Reddit. Read on below to find out more.

Reddit key statistics

Reddit expects to generate $170 million revenue in 2020, primarily from its ad business concern
Reddit has 52 one thousand thousand daily agile users and approximately 430 million users who use it in one case a month
In 2020, Reddit received over 30 billion views every month
Reddit was valued at $6 billion in February 2021, doubling its previous 2019 valuation

Reddit overview

Launch date	23 June 2005
HQ	San Francisco, California
People	Steve Huffman (co-founder, CEO), Jen Wong (COO), Christopher Slowe (CTO), Alexis Ohanian (co-founder)
Concern type	Private
Owner	Accelerate Publications (majority shareholder)
Manufacture	Internet, social

Reddit acquirement

Year	Revenue
2014	$8 million
2015	$15 1000000
2016	$25 million
2017	$fifty million
2018	$80 one thousand thousand
2019	$120 1000000
2020	$170 million

Sources: Adage, eMarketer, TechCrunch

Reddit profit

Reddit has never recorded a profit. Recent funding rounds (2017 and 2019) suggest it is focused on growth and not profitability. Later on half a decade of shunning the ad platform, Reddit has begun to invest heavily into information technology, so we may see it reach profitability past 2022.

Reddit users

Reddit recently started disclosing daily active users, instead of monthly users. Approximately 10 pct of MAUs access the website or app daily, which is lower than other social networks such as Facebook, Snapchat and Twitter.

Reddit daily agile users

Year	DAUs
2019	36 million
2020	52 1000000

Source: Reddit

Reddit monthly agile users

Year	MAUs
2013	70 million
2014	85 million
2015	120 million
2016	170 million
2017	250 one thousand thousand
2018	330 million
2019	430 meg

Sources: Business Insider, Reddit

Reddit valuation

Year	Valuation
2014	$0.5 billion
2017	$one.viii billion
2019	$three billion
2021	$6 billion

Source: CNBC, VentureBeat, WSJ

Reddit funding (total)

Year	Funding
2012	$1 million
2014	$50 million
2017	$250 million
2019	$550 million
2021	$919 meg

Source: Crunchbase

Reddit monthly views

Year	Monthly views
2018	14 billion
2019	21 billion
2020	30 billion

Source: Reddit

Reddit FAQ

How many minutes does the average Reddit user spend on the site?

Users spend on boilerplate x minutes 23 seconds on Reddit

How many posts are uploaded a yr?

303.iv million posts were uploaded in 2020

How many comments were posted in a twelvemonth?

In 2020, Reddit users posted over two billion comments and 49.2 upvotes

How many videos are uploaded to Reddit?

1.4 billion videos are uploaded to Reddit every month

How much of Reddit's traffic is from the US?

According to SimilarWeb, over half of Reddit's traffic is from the U.s.a.

What is Reddit's largest age demographic?

A quarter of Reddit users are between the ages twenty-29

How many subreddits are available on Reddit?

There are over ii.ii million subreddits, 130,000 of which are considered active communities

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