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Why was $40 Billion Reddit Sold for $10 Million by the Founders
$10 million sounds like a ridiculous price for Reddit today.
The platform now has more than 120 million daily active users and generated $2.2 billion in revenue in 2025. At one point in 2025, Reddit's market value was approaching $40 billion.
But there is something easy to miss when looking at the story today.
Alexis Ohanian and Steve Huffman weren't selling a $40 billion company in 2006. They were selling a very young startup that had existed for roughly 16 months.
Has Australia banned Social Media for children? Here's the details.
The growing influence of social media over children and teenagers has been a big concern for parents. The Australian government took a bold step in late 2024, passing a bill in Parliament that would prevent children under 16 from accessing social media platforms. Popular platforms such as Facebook, Instagram, TikTok, X, Snapchat, and YouTube would be restricted from December 2025.
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