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Reddit cofounder Alexis Ohanian has stepped down from the company's board of directors in what he described as a "long overdue" move to "do the right thing" by ending his involvement with a site that has been long been criticized for providing a forum for racist and misogynistic hate speech.
"I'm writing this as a father who needs to be able to answer his black daughter when she asks: 'What did you do?'," Ohanian said in a blog post on Friday.
Ohanian, who is married to tennis star Serena Williams, founded Reddit 15 years ago with his college roommate. The privately-held social news aggregation site is now valued at $3 billion.
Ohanian's resignation from the Reddit board comes as protests for racial justice continue to rage across the US in the wake of the killing of George Floyd by police. Ohanian did not explicitly mention Floyd or the protests in his post, but made it clear that the recent events were behind the decision.
The venture capitalist said that he is urging the company to fill his board seat with a black candidate. He also committed the future gains of his Reddit stock to serve the black community, chiefly to curb racial hate. Ohanian said he would begin with a $1 million pledge to Colin Kaepernick's Know Your Rights Camp.
Read more here. (Business Insider)
"I'm writing this as a father who needs to be able to answer his black daughter when she asks: 'What did you do?'," Ohanian said in a blog post on Friday.
Ohanian, who is married to tennis star Serena Williams, founded Reddit 15 years ago with his college roommate. The privately-held social news aggregation site is now valued at $3 billion.
Ohanian's resignation from the Reddit board comes as protests for racial justice continue to rage across the US in the wake of the killing of George Floyd by police. Ohanian did not explicitly mention Floyd or the protests in his post, but made it clear that the recent events were behind the decision.
The venture capitalist said that he is urging the company to fill his board seat with a black candidate. He also committed the future gains of his Reddit stock to serve the black community, chiefly to curb racial hate. Ohanian said he would begin with a $1 million pledge to Colin Kaepernick's Know Your Rights Camp.
Read more here. (Business Insider)
