The road to Reddit’s initial public offering has been a long one; in the 19 years since its founding, the social media giant has led many lives. It was an independent startup, and then it wasn’t, until it was again. It despised the idea of selling ads or censoring user content, but eventually found itself deeply pursuing both. It’s had half a dozen leaders, including current CEO Steve Huffman—also known by his username Spez—who is on his second tour of duty.
Now its post-IPO life has begun. Reddit shares surged as much as 60 percent before falling back in the company’s first hour of trading on the New York Stock
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