Reddit needed a content policy to address the issues of banning subreddits and managing content effectively, as prior to that, there was no clear guideline.

As Reddit grew, the cohesive community began to fracture, leading to the creation of subreddits, which allowed for diverse interests and discussions to thrive separately.

The great Reddit blackout of 2015 occurred when thousands of moderators made their subreddits private in protest of the company's decisions, marking a significant moment in Reddit's history.

The acquisition by Condé Nast in 2006 was a crucible moment for Reddit, providing liquidity but also revealing the differing priorities of team members after the acquisition.

In the competition between Reddit and Digg, Digg made high-risk technology choices that didn't contribute to their core service, while Reddit focused on delivering a straightforward social news site without unnecessary risks.

In 2006, major tech companies like Google and Yahoo began expressing interest in acquiring Reddit, highlighting its growing presence in the online space.

Returning to Reddit in 2015 was the hardest decision I've ever made, as I had to leave Hipmunk, but I felt a strong responsibility to help the company I co-founded. Reddit is more important to the world than many realize, and it would be a shame if it didn't live up to its potential.

When I returned, I emphasized that if we don't change, we're dead; we had to implement a content policy to ensure Reddit's survival.

Reddit's growth from $15 million to $456 million in revenue by 2021 demonstrates the success of our business model and community engagement.