Hashtag Trending, March 31 – Reddit bets on Toronto

It’s all the tech news that’s popular right now. Welcome to Hashtag Trending! It’s Tuesday, March 31 and I’m your host Baneet Braich.

Reddit opens new office in Toronto

Reddit has more than 52 million DAUs globally, across its 100,000 communities, and Canada is its third-largest user base after the US and the UK – growing 40% each year. To build upon this “strong foundation” and solidify its position, Reddit is now setting up offices in Toronto, Canada, with dedicated local teams.

  

  

It’s official. Reddit has set up shop in Toronto. The new headquarters boasts Canadian management, sales, community and engineering teams to help foster and grow its third-largest user base after the U.S. and U.K. According to the social media giant, Reddit’s Canadian user base is relatively young with 59 per cent aged between 18 – 34, and more than 40 per cent of users are women. At 31 minutes a day, Reddit users in Canada spend more time in-app than almost all other social media platforms.

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