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July 9, 2015

The runaway growth of reddit :subreddits growing at 8m hourly page views

Infographic: The Tremendous Growth of Reddit Communities | Statista
source :Statista

 Reddit is much in the news these days due to the controversy of its AMA staff Victoria Taylor who is said to have been unceremoniously removed. However the way reddit has been able to grow its traffic should be a lesson to social sites ( mainly Digg) which showed  a lot of promise earlier but they became a victim to their ” own rigidity” . Reddit  page views in 2012 was  37billion, which reached  71billion in 2014

Reddit was acquired  by Condé Nast Publications in October 2006, however Reddit became a direct subsidiary of Condé Nast’s parent company, Advance Publications, in September 2011.

Reddit has recently seen a $50 million  funding round led by Sam Altman and including investors Marc Andreessen, Peter Thiel, Ron Conway, Snoop Dogg and Jared Leto in 2014Their investment saw the company valued at $500 million.