Current Majority Interest in Reddit
As of August 2024, the majority interest in Reddit is controlled by its parent company, Advance Publications, Inc., which owns a significant stake in the platform. Advance Publications is a media company that has been involved with Reddit since it led a funding round in 2014 and subsequently increased its ownership through various investment rounds.
Current Control of Advance Publications, Inc.
Advance Publications, Inc. is a privately held company primarily controlled by the Newhouse family. The company was founded by Samuel Irving Newhouse Sr., and it has remained under the family’s control since its inception. Currently, the leadership of Advance Publications includes members of the Newhouse family, particularly Steven Newhouse and Charles Newhouse, who play significant roles in managing the company’s operations. In summary, the Newhouse family currently controls Advance Publications, Inc.
https://en.wikipedia.org/wiki/Samuel_Irving_Newhouse_Sr.
Newhouse was born Solomon Isadore Neuhaus in a tenement on the Lower East Side of Manhattan, the eldest of eight children born to Jewish immigrants.[2] His father, Meier Neuhaus, was an immigrant from Vitebsk, then Russian Empire (now Belarus); and his mother, Rose (née Arenfeldt), was from Austria-Hungary.[3][4] Meier Neuhaus later adapted his name to Meyer Newhouse.[3]
Current Majority Interest in Reddit
As of August 2024, the majority interest in Reddit is controlled by its parent company, Advance Publications, Inc., which owns a significant stake in the platform. Advance Publications is a media company that has been involved with Reddit since it led a funding round in 2014 and subsequently increased its ownership through various investment rounds.
Current Control of Advance Publications, Inc.
Advance Publications, Inc. is a privately held company primarily controlled by the Newhouse family. The company was founded by Samuel Irving Newhouse Sr., and it has remained under the family’s control since its inception. Currently, the leadership of Advance Publications includes members of the Newhouse family, particularly Steven Newhouse and Charles Newhouse, who play significant roles in managing the company’s operations.
In summary, the Newhouse family currently controls Advance Publications, Inc.