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Reddit has a well-deserved, if eclectic, reputation for charitable giving. There are reasons why Reddit makes Ohanian love total strangers. As a result, it's become a popular destination for politicians and other public figures, including President Obama, to meet their online audiences, often through distributed interviews called AMAs - Ask Me Anything. Content featured on Reddit frequently "goes viral," spreading to other websites, including Facebook. Reddit, which calls itself "The Front Page of the Internet," is more influential in shaping Internet culture than its comparatively small reach would lead you to believe.
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(Ohanian and his parters sold Reddit to Conde Nast in 2006 for an undisclosed sum, likely orders of magnitude smaller than Facebook's valuation.) But there's reason for Ohanian to imply a competition between a site used by 6 percent of American Internet users and one used by 67 percent, according to recent statistics by the Pew Internet and American Life Project. Given Facebook's $60 billion market capitalization and unchallenged position as the world's most-visited website, Ohanian's quip sounds like sour grapes. Speaking at the Aspen Ideas Festival last week, co-founder of Internet community site Reddit, Alexis Ohanian, shared a joke that's popular on his site: "Facebook makes me hate the people I know, and Reddit makes me love the people I don't."