Reddit co-founder and CEO Steve Huffman was thrust into the spotlight last week after the social media platform filed for its initial public offering.
Reddit filed its long-anticipated initial public offering last week, making headlines with the revelation that CEO Steve Huffman's total compensation was a cool $193 million last year. Huffman, who co-founded the social media platform, has kept a relatively low profile, but Reddit's expected public debut in March is likely to thrust him further into the spotlight. Huffman launched Reddit with his college roommate, Alexis Ohanian, in 2005.
The pair sold Reddit to Conde Nast the next year for $10 million. They have both since expressed regret at selling for such a small amount at the time, given the platform's success. Huffman stayed on as acting CEO under the new ownership until 2009, the same year Ohanian left for other pursuits. Huffman went on to co-found travel website Hipmunk in 2010 with software developer Adam Goldstein.
In 2014, Ohanian returned to Reddit as executive chairman of the board, and Huffman returned as CEO in 2015. He has been working to take the company public for years. Ohanian, who is married to tennis champion Serena Williams, stepped down from Reddit's board in 2020, after he and Huffman reportedly had a falling out over content allowed on the platform, according to Wired.
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