Reddit counts approximately 122.5 million global downloads. With 4.76 million downloads as of January 2022, Reddit has found its place on the list of most downloaded social media apps in Australia. (Statista) (Sensor Tower) (Sensor Tower) (Backlinko) As of January 2022, Reddit is the 6th most downloaded social media app in Australia Going forward to the funding round in August 2021, US$410 million was generated, which increased the worth of Reddit to a total of US$10 billion. The first one contributed US$100,000 to the company. Reddit is worth US$10 billion.ħ3.8% of Reddit’s worth is from the seven funding rounds in the period from 2005 to 2021. Roommates Steve Huffman and Alexis Ohanian, together with Aaron Schwartz, founded Reddit on June 23, 2005, at the University of Virginia, US.
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