Huffman, Alexis Ohanian (now married to tennis star Serena Williams) and Aaron Swartz, who passed away at 26 in 2013, started Reddit in 2005 with bac king from Y! Combinator founder Paul Graham. 2019 Series D round led by China's Tencent at a $3 billion valuation. Reddit has raised about $550 million in funding, most recently raising $300 million in a Feb.
Reddit ultimately pulled the plug on the group on June 29, 2020, about five years after its formation.
Huffman said shutting down a forum - also called a subreddit - comes "with a heavy heart." He described giving the subreddit "r/The_Donald," where participants expressed support of Trump's rhetoric and policies, many chances to clean up their interactions with others - including Reddit employees. Then there are entire groups of people who can be problematic. When it comes to these users, Reddit gives them plenty of warnings, but if they don't tone down their language or if they engage in threats or bullying, Reddit eventually removes them. As CEO of a social media company, Huffman has had to deal with balancing censorship with free speech, similar to Twitter's Jack Dorsey and Facebook's Mark Zuckerberg. Huffman described "DAS's" as actors that prevent other Redditors from enjoying their experience. To make sure Reddit communities don't spiral out of control, Reddit CEO and co-founder Steve Huffman and his team monitor "Daily Active S-heads," Huffman told a forum on the audio startup Clubhouse Thursday. As CNN noted, "Posters revel in their crudeness homophobic epithets are tossed around as terms of affection." Given those events, the idea of young, potentially disgruntled people using a community to push a mob-driven theme can rub people the wrong way.
Donald Trump supporters used so-called "dark web" forums and others like 4chan to plot the details around the Capitol Hill insurgency that led to Trump's impeachment and the death of five people. The Reddit community describes itself as "Like 4chan found a Bloomberg terminal illness." That's a precarious description these days.
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