The Reddit Inc. app on a smartphone arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021
Tiffany Hagler-Geard—Bloomberg/Getty Images

Once freewheeling “internet homepage” Reddit has grown up, with 100,000 active communities serving 50 million daily visitors. “People come to Reddit with intention and find spaces for camaraderie and conversations that can spark change that extends beyond the online and into real life,” says CEO Steve Huffman. Reddit, which also served as the catalyst for last year’s “meme stock” investment craze, now hopes to cash in—last valued at $10 billion, it filed to go public this year even as it struggles to fight hate speech.

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