I was excited to see Reddit continue to perform well in the public markets after their IPO earlier this year. The shares rose 40% yesterday on updated guidance and the company announced they hit profitability. They’ve grown 68% from the previous year which is tremendous growth that exceeded our expectations.
Reddit has been one of our favorite companies for awhile both as a user and investor. We first started working with Reddit in 2018 and continued that relationship through the IPO. We doubled down on Reddit last year in their run-up to the IPO.
Some of my favorite clients and people to work with have been Reddit employees so I’m excited for them and their success.