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Reddit CEO: My Staff Were Not Working Hard Enough

May 6, 2025
in News
Reddit CEO: My Staff Were Not Working Hard Enough
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Reddit, a forum-style social media app created in 2005, just reached its peak earnings this year, with the platform valued at $21 billion.

However, CEO Steve Huffman said it wasn’t an easy path to success. In fact, when the co-founder joined the Prof G Pod podcast Sunday, he admitted his employees just weren’t up to par.

When the business started, he said, there was a culture of “idealism.”

“Wrapped up in some of that idealism was also, like, not working very hard,” said the entrepreneur, who has a net worth of $50 million.

Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell on the floor to set the app's share price in March 2024.
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell on the floor to set the app’s share price in March 2024. Spencer Platt/Spencer Platt/Getty Images

Huffman, who went to a private high school and the University of Virginia, took a break from Reddit in 2009 when he spent several months backpacking in Costa Rica and launching a new travel website called Hipmunk. He rejoined as CEO in 2015.

A big change for Reddit, he said, was that it “wasn’t running as a business. We were really idealistic, and I think in many ways the idealism has been very good, but we were also idealistic about not being a business—which is not a great way to run a sustainable business.”

The tech tycoon remembers telling employees: “Look, we have to work really, really hard. We’re in a competitive space.”

The platform, which has rivaled even the likes of Elon Musk‘s X and Mark Zuckerberg‘s Meta, has attracted at hundreds of millions of users.

X CEO Elon Musk has in recent up cozied up to the president and become his "special government employee."
X CEO Elon Musk has in recent up cozied up to the president and become his “special government employee.” The Washington Post/The Washington Post via Getty Images

“If we don’t work really hard and work really smart and make this thing successful both from a user point of view and business point of view, then we don’t get to do this, and we’ll never achieve our mission,” added the CEO.

Huffman turned the company around after rejoining and the new version went public in March 2024. Since then, the stock is up 147 percent.

Huffman said that privileged Silicon Valley bros are used to this “idealism.”

President Donald Trump's Inauguration Day guests included Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, and Elon Musk.
President Donald Trump’s Inauguration Day guests included Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, and Elon Musk. Pool/Getty Images

“In the Bay Area, broadly, is this—it’s almost an entitlement of, ‘I work at these companies, but I don’t have to work very hard and I’m here for myself,’” he said, adding that some of his employees used to take ideas from other companies.

Tech billionaires have in recent months cozied up to President Donald Trump, including “special government employee” Musk; Trump campaign donor Zuckerberg; and Jeff Bezos, who donated to Trump’s inauguration fund. All three attended the Jan. 20 celebration.

Huffman, on the other hand, has previously banned a Reddit page dedicated to Trump and kicked alt-right extremists off the platform.

The post Reddit CEO: My Staff Were Not Working Hard Enough appeared first on The Daily Beast.

Tags: Tech
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