Reddit has appointed Drew Vollero, former CFO of Snapchat-parent Snap, as its first Chief Financial Officer. Vollero will lead Reddit's finance team starting later this month and will report to Jen Wong, the platform's Chief Operating Officer.
Ā
Vollero, who has 30-plus years of industry experience including a 15-year stint at Mattel. Drew is an industry thought leader who brings a track record of building a global finance organization for high growth companies,ā Steve Huffman, co-founder and CEO of Reddit, said in a statement.
Ā
Reddit disclosed a 90% surge in advertising revenue during the fourth quarter, while daily active users jumped to more than 52 million. Reddit's value doubled to 6 billion dollars in February, as it raised more money to handle the rush of new subscribers.
