Feb 19, 2025 · 27 min · 9 segments
For a long time, Reddit’s been seriously useful and seriously unprofitable. On this week’s TLDR, a look at why it’s becoming very valuable to some surprising players. Plus, Canada’s steel and aluminum…
Sarah RiegerHost
Arshy MannGuestAnd a lot of the focus was on how much the stock dropped and how much investors were losing.
And I started looking into it and it really actually popped to me that the big story is not, you know, how badly Reddit's doing, but actually just how remarkably
Well, the company's never had a profitable year and it's worth $40 billion, which is sort of wild.
But even though it's only about 5% as big as Google or Meta in terms of the number of daily active users, it gets talked about, at least in my circles of friends, on the same level.
And so that kind of like cultural relevance, while anecdotal, just makes it feel bigger to me.
So tell me a little bit about Reddit and like where it came from and where it finds itself now.
Reddit was founded back in 2005 by Alexis Ohanian, Steve Huffman, and Aaron Schwartz, who basically wanted to make a news site without editors.
You can think of it as like one of the big, what's called like Web 2.0 companies.
So like a term used to describe sites where users could write onto them versus just read them.
This was before Facebook invented the algorithmic news feed that's like basically taken over the Internet.
And a lot of the focus was on how much the stock dropped and how much investors were losing.
And I started looking into it and it really actually popped to me that the big story is not, you know, how badly Reddit's doing, but actually just how remarkably
Well, the company's never had a profitable year and it's worth $40 billion, which is sort of wild.
But even though it's only about 5% as big as Google or Meta in terms of the number of daily active users, it gets talked about, at least in my circles of friends, on the same level.
And so that kind of like cultural relevance, while anecdotal, just makes it feel bigger to me.
So tell me a little bit about Reddit and like where it came from and where it finds itself now.
Reddit was founded back in 2005 by Alexis Ohanian, Steve Huffman, and Aaron Schwartz, who basically wanted to make a news site without editors.
You can think of it as like one of the big, what's called like Web 2.0 companies.
So like a term used to describe sites where users could write onto them versus just read them.
This was before Facebook invented the algorithmic news feed that's like basically taken over the Internet.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.