Reddit, Reddit, Reddit – that is what dominated my social network timeline last week. Reddit – The Front Page of the Internet was now suddently the front page of social media networks and cable/TV news around the world. It all started when Victorial Taylor one of the editors was let go from Reddit, a San Francisco-based online community site. Users revolted when they heard about Taylor. An upshot of this uprising resulted in parts of Reddit being shut down. About 300 individual discussion areas of Reddit were shut down according to a report in The New York Times.
The shutdown of this popular online community site was just the tip of the iceberg. It culminated in Ellen Pao, the interim CEO stepping down from her post. Pao became the interim CEO when the previous CEO Yishan Wong resigned in November 2014. Steve Huffman one of the co-founders is back as CEO of the beleagured company. You can read more about it here and here.
In 2014 Reddit raised $50 million in a new round of funding. All eyes are on Huffman to see how and in which direction he is going to steer this ship that just celebrated its 10th anniversary.