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Alexis Ohanian files for a new $150M fund, with a nod to his Olympian family

According to an SEC filing, Alexis Ohanian, the co-founder of Reddit and early-stage VC firm Initialized Capital, is raising a new fund, named 776, with a target of $150 million. The filing comes three months after the entrepreneur left Initialized Capital and a month after The Information first reported on […]

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Reddit CEO defends allowing Trump ads ahead of presidential election

Reddit is gearing up to run ads for President Donald Trump ahead of the 2020 presidential election despite concerns from employees, TechCrunch has learned. Reddit CEO Steve Huffman addressed some of these employee concerns during an all-hands meeting last week, viewed by TechCrunch. “I know for many of you, [Trump] […]

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Trump suspended from Twitch, as Reddit bans the ‘The_Donald’ and additional subreddits

Two big new pieces of news today from the ongoing battle between social media and politics. Both Twitch and Reddit have made moves against political content, citing violations of terms of service. Twitch confirmed today that it has temporarily suspended the president’s account. “Hateful conduct is not allowed on Twitch,” […]

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Alexis Ohanian steps down from Reddit board, asks for his seat to go to a black board member

Alexis Ohanian, the founder and former CEO of Reddit, stepped down from his position on the company’s board Friday as the U.S. roils with nationwide protests against police brutality after Minneapolis police killed George Floyd, an unarmed black man. Ohanian is calling on the company he founded to fill his […]

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Twitter, Reddit challenge US rules forcing visa applicants to disclose their social media handles

Twitter and Reddit have filed an amicus brief in support of a lawsuit challenging a U.S. government rule change compelling visa applicants to disclose their social media handles. The lawsuit, brought by the Knight First Amendment Institute at Columbia University, the Brennan Center for Justice and law firm Simpson Thacher […]