What Reddit is: The best!
Reddit was founded by Steve Huffman and Alexis Ohanian in 2005, both 22-year-old graduates of the University of Virginia. It received its initial funding from Y Combinator. The team expanded to include Christopher Slowe and Aaron Swartz in 2005. Aaron Swartz joined in late January 2006 as part of the company's merger with Swartz's Infogami.
The combined company was known as "not a bug." Condé Nast Publications, owner of Wired, acquired not a bug on October 31, 2006.
On June 18, 2008, Reddit became an open source project. With the exception of the anti-spam/cheating portions, all of the code and libraries written for Reddit became freely available on another website dubbed "Fixxit."
Reddit was named by Ohanian while browsing the University of Virginia's Alderman Library.It is short for "read it," and is generally pronounced in the past perfect tense, as in "I have read it."
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