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Reddit fueled meme-stock mania. Now its CEO is overseeing his own company’s IPO.

Livemint · 11m

Steve Huffman, the CEO of Reddit, is preparing to take the social media platform public in one of the most anticipated initial public offerings (IPOs) of the year. Reddit, known for its user-led communities called subreddits, is hoping to capitalize on its active user base and become a hot stock when it lists shares on the New York Stock Exchange. Huffman's journey with Reddit has been a mix of personal and professional, as he co-founded the company in 2005 and has since transformed it into a more business-focused platform while maintaining a connection with its users. However, Reddit's profitability and reliance on volunteer moderators remain concerns as it enters the stock market.