Reddit CEO Steve Huffman speaks with CNBC's Julia Boorstin at the Internet Association's event in San Francisco. Photo: Ina Fried / Axios

Reddit CEO Steve Huffman said the media site is planning to go public. While the timing uncertain, an IPO is the responsible course of action for a tech company to pursue, Huffman said while speaking at an Internet Association event in San Francisco.

More from Huffman:

  • Competition: When asked if Reddit's biggest competition is Facebook, Google or traditional media, Huffman said his rivals are free time and office productivity. "We probably suck more hours out of work than any other company."
  • Advertising business is doing well, with revenue increasing five-fold in last couple of years, Huffman said.
  • On political advertising: Reddit doesn't allow ads from Russia or Syria. Huffman said he's in favor of more transparency, but "the devil is in the details."
  • On hate speech: He's considered implementing a hate speech policy, but prefers to let ugly speech be "drowned out" by other speech. "It's important to let these things play out," he said. "When you outlaw it, it turns people into martyrs."

Go deeper

Democrats on Trump tax story: "This is a national security question"

House Speaker Nancy Pelosi said Monday that the New York Times report that President Trump has hundreds of millions of dollars in debt coming due within the next four years is a "national security question," and that the public has a "right to know" the details of his financial obligations.

The big picture: Democrats have already leapt on the Times' bombshell, which Trump has dismissed as "total fake news," to attack the president for allegedly paying less in federal income taxes than the average middle-class household.

Dan Primack, author of Pro Rata
Updated 1 hour ago - Politics & Policy

Unsealed opinion: Trump TikTok ban likely overstepped legal authority

Illustration: Sarah Grillo/Axios

A federal court judge on Sunday granted TikTok's request for a temporary restraining order against a ban by the Trump administration.

Driving the news: Judge Carl Nichols on Monday unsealed his opinion, in which he concluded that the ban seeks to regulate the exchange of "informational materials" — something that's expressly exempted from the law laying out the emergency powers Trump invoked.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 33,156,812 — Total deaths: 998,696 — Total recoveries: 22,961,436Map.
  2. U.S.: Total confirmed cases as of 12 p.m. ET: 7,118,523 — Total deaths: 204,790 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: The childless vaccine — Why kids get less severe coronavirus infections.
  5. World: India the second country after U.S. to hit 6 million cases

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