In 2011, Reddit became independent as part of Condé Nast’s parent company, Advance Publications. In 2006, the site was acquired by Condé Nast Publications, a major US media company.
The company was founded in 2005 by Steve Huffman and Alexis Ohanian, two roommates studying at the University of Virginia. The subreddit WallStreetBets was responsible for launching the meme popularity of GameStop, AMC and other stocks in January 2021 in an attempt to stick it to the large hedge funds that tried to profit from the slowly falling prices. In fact, Reddit is a key social network for retail investors to exchange advice and ideas. One of the most interesting places to interact on any subject, from psychology and self-help communities to politics, games, memes, and hilarious videos of animals like AnimalsBeingConfused, Reddit has it all.
