Pao's character and lawsuit, and posts related to the Reddit competitor Voat were also being upvoted.Įllen K. In addition, on July 3rd, 2015, the top 100 posts in /r/all were all about the Victoria Taylor situation or the Reddit Blackout as a whole, and as of July 4th, 2015, posts are being upvoted to the front page for having the name 'Victoria' anywhere in them even when completely unrelated. Nearly all rage toward these events has been directed at reddit CEO Ellen K. An unknown amount of redditors flocked to during this blackout in protest, which caused servers to overload and it went down for about a day. ( A full list is available here.) Reasons for the blackout vary between subreddits but there has been a general consensus that moderators were not being given proper tools or being valued by Reddit's admins. At the height of the blackout, more than 300 different subreddits with more than 5,000 readers were either privatized or locked, including many with hundreds of thousands of readers, including /r/science, /r/sports, and /r/dataisbeautiful. Soon after r/iama went private, the mods of other popular subreddits began privatizing their sections of the site as well. This, effectively blacked out one of the most popular subreddits on the site. Without her, we need to figure out a different way for it to work." in this post here. u/karmanaut explained that "Tl dr: for /r/IAMA to work the way it currently does, we need Victoria. After learning of the firing, the moderators of /r/iama changed the settings for the subreddit to private because it was impossible for the subreddit to operate without Victoria. Speculation claimed that she was in disagreement with the management in regards to commercial decisions Reddit was attempting to make, including the creation of a video AMA format. (A full recap of what happened in detail is available here on Reddit.) Late in the day on July 2nd, 2015, it became known to the Reddit community that Victoria Taylor (aka /u/chooter), the talent coordinator for r/iama, had been fired for unknown reasons. Notable Developments 2015 Blackout Protests That day, Reddit board member Sam Altman published a blog post claiming that Wong had resigned from Reddit due to "a disagreement with the board about a new office (location and amount of money to spend on a lease)." Also on November 13th, Wong posted an answer to the question "Why did Yishan Wong resign as Reddit CEO?" on Quora, where he confirmed Altman's statements and added that he was "completely worn out" after two-and-a-half years as Reddit's CEO. Additionally, Ohanian declared he would be returning to Reddit as Executive Chairman. On November 13th, 2014, Ohanian posted an announcement on the Reddit blog, revealing that Yishan Wong had resigned from his position as CEO of the company and was being replaced by Ellen Pao as interim CEO. In the comments section of the post, Wong also mentioned that the company was looking into launching its own cryptocurrency that could be backed by the investor shares: In addition, Wong announced that 10% of the investor's shares would go "back to the community," although there were little specific details of how the distribution model would work. Snoop Dogg) and author Jessica Livingston. On September 30th, 2014, Reddit CEO Yishan Wong published a blog post announcing that the site had received $50 million of additional funding from a group of Series B (second round) investors, including quite a few Silicon Valley investors and entrepreneurs like the Y Combinator's founding members Sam Altman and Jessica Livingston, Sequoia Capital's venture capitalist Aflred Lin, Netscape's co-founder Marc Andreessen, Paypal's co-founder Peter Thiel, Eventbrite's co-founders Kevin and Julia Hartz, Minted's CEO Mariam Naficy and Votsu's co-founder Josh Kushner, as well as actor and musician Jared Leto, rapper Calvin Broadus Jr. and was now owned by Advance Publications, the parent company of Condé Nast. On September 6th, 2011, an announcement posted to the official reddit blog revealed that the company had become reddit Inc. On October 31st, 2006, reddit was acquired by the magazine publishing company Condé Nast. According to CrunchBase, the site received its original seed funding of $100,000 from startup investment firm Y Combinator. Reddit was founded in 2005 by Steve Huffman and Alexis Ohanian when they were both 22-years-old.
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