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The name "Reddit" is a play-on-words with the phrase "read it", i.e., "I read it on Reddit." The site's content is divided into numerous categories, and 49 such categories, or "default subreddits", are visible on the front page to new users and those who browse the site without logging in to an account.
As of May 2016 can vote for or against them (upvote/downvote).
Dozens of submissions cycle through these front pages daily.
The site's logo and mascot is a line drawing of an alien nicknamed "Snoo".
The front page of the site itself shows a combination of the highest-rated posts out of all the subreddits a user is subscribed to.
Front-page rank – for both the general front page and for individual subreddits – is determined by the age of the submission, positive ("upvoted") to negative ("downvoted") feedback ratio and the total vote-count.
Registered users can then vote submissions up or down to organize the posts and determine their position on the site's pages.
The submissions with the most positive votes appear on the front page or the top of a category.
Users may also be gifted "Reddit gold" if another user has well received the comment or post, generally due to humorous or high quality content; this process is known as "gilding." Reddit has also created a system of points called "creddits".As of August 2012, Reddit operates as an independent entity, although Advance is still its largest shareholder. In October 2014, Reddit raised million in a funding round led by Sam Altman and including investors Marc Andreessen, Peter Thiel, Ron Conway, Snoop Dogg, and Jared Leto.