Reddit CEO resigns, cofounder Steve Huffman takes over


    Reddit CEO Ellen Pao is stepping down and sources indicate that Reddit cofounder Steve Huffman will take over.

    Pao penned her resignation in a Reddit post with a brief explanation. “So why am I leaving? Ultimately, the board asked me to demonstrate higher user growth in the next six months than I believe I can deliver while maintaining reddit’s core principles,” she wrote.

    Board member Sam Altman also addressed the announcement in a post on Reddit. Altman said that the decision was a mutual agreement between Pao and the board. He says she will continue to be an advisor to Reddit’s board for the remainder of 2015.