Co founded by Alexis Ohanian and Steve Huffman on the 23rd of June 2005, Reddit is today one of the most widely used websites in the world. While you may be an avid Reddit user, there is so much still to be discovered about the platform. Here is taking a look at some unknownfacts about Reddit:
1. “Dear Fellow Geeks: WTF?”
Reddit
While free speech is a part of the constitution, it isn’t looked at the right way on Reddit. In the year 2013, looking at the rampant use of sexual language on Reddit, founder Alexis Ohanian wrote an open letter to all his employees asking them to reduce the use of sexual innuendos and language on Reddit. The title of his letter was, you guessed it right, “Dear Fellow Geeks: WTF?” Way to drive the point home!
2. Slip and miss
Reddit
While it is a known fact Reddit created fake profiles to promote its platform in the beginning, it wasn’t known its users did the same. Unidan, one of the most popular users on Reddit, was caught with not one, but 5 accounts on which he would post and promote his content. Extremely popular for his science based reddits and for the way he explained scientific phenomena, Unidan was on the way to acquire celebrity status. That is, till he was caught and his system came crashing down. Talk about a bad fall!
3. The first person to apologize for memes on the internet
The Verge
In July 2017, when a Reddit user posted a video of Donald Trump wrestling Vince McMahon with CNN’s logo placed on McMahon’s head, he created a massive media storm. The storm became ten times bigger when Donald Trump himself tweeted the video and it became viral! An investigative journalist with CNN started digging into the matter and when the user was made public, the unexpected happened. He apologised online for a meme! This has quite literally never happened on Reddit and was a first of its kind, for sure.
4. Want to get roasted? Then use Reddit
Mashable
Taking roasting to an all new level, Reddit lets people (also masochists) use the subreddit r/roastme. This subreddit lets masochists post pictures of themselves with a picture saying roast me and voila! You get a roast board all for yourself. If you’re in the mood to roast a totally random stranger, then this is where you should go.
5. Almost no money spent on advertising
Reddit
Reddit is perhaps the only company in the world to get so big without spending much money on advertising. The only money Reddit spent on advertising was when they got stickers made. The team spent $ 500, as of 2012, on making and distributing the stickers, with literally no money spent on anything else! Talk about good word of mouth publicity!
6. “Today I don’t feel like doing anything”
Reddit
We all have those days when we want to do absolutely nothing. Employees at Reddit were no different. Procrastination is their middle name. One employee took things so far, he employed people from China to do his actual work and spent hours surfing through Reddit instead! Such a stroke of genius!
7. What came first?
Imgur
Just like the chicken or the egg situation, people wondered about whether the Reddit name came first or the logo. Worry no more because we have the answer for you. For Reddit, the logo came first! Called Snoo, the Reddit mascot is a genderless blob with no fingers. Alexis Ohanian first drew it while as a student at the University of Virginia. So popular is Snoo, Reddit has urged several subreddits to add their own personal touch to Snoo! Why worry when you have art?
Popularly known as the front page of the internet, Reddit definitely has a lot going. If you think we missed out on any other facts about Reddit, comment and let us know!
Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.
The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.
Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio
Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.
Specifications and Features
The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.
Design and Competition
Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.
Future Plans
In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.
MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.
MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.
As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.
This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service