Reddit’s Co-founder on the Rise of the Retail Investor


Co-founder of Reddit announced his departure from the company

  • Reddit co-founder leaves the company 15 years after its founding.

  • He also asked the board of directors to replace him with a black American..

  • Ohanyan’s departure comes amid large-scale protests across the United States.

International consortium of news organizations, developing transparency standards.

Previously, he actively advocated the introduction of cryptocurrency technologies, and also contributed to the development of his own cryptocurrency for Reddit.

Alexis Ohanyan, co-founder of the popular social service Reddit, has announced his departure from the company. Ohanyan wrote about this on his official website..

Ohanian does not name the main reason for his departure from the company, but indirectly hints at the desire to focus on the family, as well as to help promote black Americans in the leadership of the company..

“I left the company as a member of the board of directors of Reddit and called on to replace me in the post with a black candidate,” Ohanian wrote..

Reddit was created in 2005 by Steve Huffman and Alexis Ohanian.

Reddit co-founder announced his departure from the company

Today, Reddit is in the top 20 most visited sites according to Alexa Internet and SimilarWeb.

Reddit co-founder announced his departure from the company

Average website traffic per month is over 1 billion users.

Crypto adherent

Ohanyan was the main proponent of cryptocurrency promotion at the company. In a recent interview with Yahoo! Finance, Co-Founder of Reddit Says Crypto Thaw Signals.

“… We are really seeing a crypto thaw right now in terms of [the emergence of] high-end engineers, product creators, designers developing real blockchain solutions..

Reddit co-founder announced his departure from the company

And this is the most interesting part for me, ”Ohanyan said in an interview..

Alexis Ohanyan’s interest in the cryptocurrency industry gave rise to the development of two tokens from Reddit called Moon and Bricks.

For each token, corresponding symbols have been created, and you can get them after installing a wallet for tokens on the ERC20 biz, as well as the Reddit mobile application.

Rush of the nation

Ohanyan’s departure from the company comes against the backdrop of large-scale protests in the United States. After a high-profile incident with the murder of black American George Floyd by law enforcement officers, a wave of protests against racism and police violence swept across the United States..

Also BeInCrypto editors wrote, that US President Donald Trump announced the possibility of strict regulation of all social networks under certain conditions.

The decision to take social networks “under the hood” came after Twitter designated several US presidential posts as “unreliable”.

What do you think? Will Reddit stop focusing on cryptocurrency after Ohanyan leaves? Share your thoughts in the comments and join the discussion in our Telegram channel.


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