As of 2024, Reddit is primarily owned by advanced applications, also known as Condé Nast, holding approximately 72% of the company. Tencent owns 5% of Reddit.
As of 2024, Reddit is owned by a variety of shareholders. The primary owner is Advance Publications (also known as Conde Nast), holding approximately 72% of the company. Additionally, Tencent, a major Chinese technology company, owns about 5% of Reddit. The rest of the ownership is distributed among American venture capitalists (19.21%), American individuals (3.23%), and a Dubai-based venture capitalist (0.56%) .
The ownership structure of Reddit shows a mix of major corporate stakeholders and smaller individual investors, reflecting its growth and evolution in the tech industry. Advance Publications’ significant stake underscores the influence of established media companies in the digital space, while Tencent’s 5% share highlights the global interest in platforms like Reddit. Venture capitalists and individual investors play a crucial role in the company’s strategic direction and potential growth initiatives.
WTF— Tenant holdings, the major Chinese technology company which also owns league of legend, riot, TikTok… Has a vested investment in Reddit? Bad news.
Reddit is owned by a mix of large investors and smaller shareholders. As of my last update in April 2023, the major shareholders included Advance Publications, which is a holding company owned by the Newhouse family, and they hold a significant stake in Reddit. There are also other investors from various funding rounds, including venture capital firms like Andreessen Horowitz, Sequoia Capital, and Tencent Holdings, a major Chinese technology company.
The ownership of Reddit reflects a common structure for tech companies, where initial founders and employees might hold shares, but large portions of equity are owned by venture capital firms and other investors who provide capital for growth and expansion. Reddit’s ownership structure has evolved as the company has grown and raised more capital, indicating the dynamic nature of equity in fast-growing tech firms.