The highest-ranking female at Time, Jen Wong, is now the Chief Operating Officer at Reddit, effective immediately. This announcement was made by Reddit on Thursday.
This news comes less than three months after Wong stepped down as President of Digital and Chief Operating Officer at Time. She had resigned her role soon after the magazine publisher was acquired by Meredith Corporation in late January. At Time, her responsibilities included The Foundry, a studio that creates branded and native content for advertisers, consumer marketing, and digital advertising for Time’s brand portfolio.
“It’s a community platform with incredible potential in terms of the way it connects people and enables intimate conversations,” Wong said. Her goals include increasing Reddit’s revenue, building strategic partnerships, and helping Reddit reach one billion monthly users. In her new role, she will be responsible for business strategy and growth. She’s based in a Reddit satellite office in lower Manhattan. Currently, Reddit claims 330 million monthly global users and generates revenue from a subscription plan called Reddit Gold that enables users to turn off ads for $3.99 a month or $29.99 annually.
“As COO, she’ll help our execs continue to make this a top-level priority, both in the way that we recruit and in the day-to-day culture that greets employees after they join the company,” the company wrote in its announcement.
“It was sickening to see some of the things Redditors wrote about Ellen,” investor Sam Altman wrote on Reddit at the time. “The reduction in compassion that happens when we’re all behind computer screens is not good for the world. People are still people even if there is Internet between you.”
Reddit is currently working on rolling out a desktop redesign that should be available to all viewers by early May. The company also recently introduced native mobile ads for Apple mobile devices and will extend that rollout to Android mobile devices in coming weeks.