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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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Reddit cofounder resigns from board, urges black replacement

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June 5, 2020, 2:34 PM ET
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Alexis Ohanian, cofounder of the link-sharing site Reddit, announced his resignation from the company’s board of directors Friday and called on the company to replace him with a black candidate.

Reddit, one of the most popular websites in the world, has long been a source of controversy. Ohanian has an on-again, off-again relationship with the company. He stepped down from day-to-day work with Reddit in 2018 but had remained on its board.

“I believe resignation can actually be an act of leadership from people in power right now,” he wrote on Twitter. “To everyone fighting to fix our broken nation: do not stop.”

In a video, he said, “I’m saying this as a father who needs to be able to answer his black daughter when she asks, ‘What did you do?’ So I have resigned as a member of the Reddit board. I have urged them to fill my seat with a black candidate, and I will use future gains on my Reddit stock to serve the black community, chiefly to curb racial hate.” Ohanian has a 2-year-old daughter with his wife, tennis star Serena Williams.

A pro-Trump message board on Reddit called The_Donald has been a continued source of tension. Reddit’s former interim CEO Ellen Pao publicly criticized the company this week. In response to a post from the company about the Black Lives Matter movement, Pao wrote on Twitter, “I am obligated to call you out: You should have shut down the_donald instead of amplifying it and its hate, racism, and violence. So much of what is happening now lies at your feet. You don’t get to say BLM when reddit nurtures and monetizes white supremacy and hate all day long.”

A spokeswoman for Ohanian’s venture capital firm Initialized Capital declined to make him available for comment.

Ohanian also said he would pledge $1 million to Know Your Rights Camp, a nonprofit founded by Colin Kaepernick, the NFL star who has been shunned by the league for peacefully protesting for black rights.

I've resigned as a member of the reddit board, I have urged them to fill my seat with a black candidate, + I will use future gains on my Reddit stock to serve the black community, chiefly to curb racial hate, and I’m starting with a pledge of $1M to @kaepernick7’s @yourrightscamp

— Alexis Ohanian 🇦🇲 (@alexisohanian) June 5, 2020

“It is long overdue to do the right thing. I’m doing this for me, for my family, and for my country,” Ohanian said in the video that was included in his Twitter thread on Friday.

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