Exhibit 1055

Reddit, Inc. Form S-1 registration statement (risk factors and business description)

Exhibit 1055 · SEC filing

Reddit, Inc. Form S-1 registration statement (risk factors and business description)

For example, in response to certain changes to our API policies in June 2023, moderators of certain communities inhibited normal operations of the communities they operate, in many cases in violation of our site-wide rules.

The company states that it relies on volunteer moderators, that in December 2023 it had an average of over 60,000 daily active moderators, that moderators of certain communities inhibited normal operations in June 2023 in many cases in violation of site-wide rules, that this has not historically had a material impact, and that some moderators who moderate large communities or many communities may be able to leverage influence to disrupt their communities or others. It states that its Data API terms changed in 2023 to enforce rate limits.

Source: Reddit, Inc.
Date: 22 February 2024
Quoted from: Risk Factors, "We rely on an approach to content moderation that depends on Redditors who volunteer to be moderators", p. 33
Grade: Primary record
Document: https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm
Accessed: 2026-11-10
Cited by: Findings citing this exhibit

Cited by

Finding INF-3.13: Primary record Reddit stated on 9 June 2023 that it would charge $0.24 per 1,000 API calls above free limits from 1 July 2023. Its Form S-1 of 22 February 2024 states that in June 2023 moderators of certain communities inhibited normal operations, in many cases in violation of site-wide rules, and that this has not historically had a material impact.
Finding INF-3.14: Primary record Reddit reports that from July to December 2023 moderators removed 1.9% and admins 1.8% of all content created, and that admins banned 640,685 communities: 456,849 (71%) for spam and 183,836 for non-spam violations, 92% of the non-spam bans because the community was unmoderated. Reddit's Form S-1 reports an average of over 60,000 daily active volunteer moderators in December 2023, and a peer study of 126 subreddits found that invisible work is a median 43% of human moderator labor.