Reddit

San Francisco, California
Media and Entertainment, Software and Services

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Reddit is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Reddit embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

In 2020, after 800 site moderators petitioned the site’s administration to “ban hate speech”, Reddit instituted sweeping rule changes that led to the banning of numerous conservative subreddits (1). For example, the largest pro-Trump subreddit and various boards critical of certain aspects of gender ideology have been banned since the rule change (2)(3). The company has also acted against accounts that question the efficacy of COVID-19 vaccines and lockdown policies (4).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
N/A
Rationale

Reddit does not publish charitable giving guidelines (1).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level
Rationale

Reddit does not provide viewpoint protections for its employees (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Reddit’s CEO is a signatory to CEOs for Gun Safety (1). The company’s Co-Founder & CEO, Steve Huffman, denounced various states’ legislative efforts to protect election integrity and security (2).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Reddit provides a benefits package for employees that covers travel/lodging costs for an abortion (1)(2). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (3). 

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level
Rationale

Reddit does not operate a PAC or engage in lobbying at this time (1)(2)(3).

Board Bias

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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.

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