Part 3/9:
Reddit's Community-Centric Model
Launched in June 2005, Reddit gained traction quickly, drawing attention from investors, including Condé Nast, which acquired the company just a year later. Despite its early promise, Reddit struggled to monetize its platform. The founders departed from active roles, with new management facing challenges, including user backlash over various changes. Yet, what kept Reddit afloat was its vibrant community—a crucial element that distinguishes it from most social networks.