Reddit CEO Resigns Because Of A Disagreement About A New Office

The disagreement had to do with the location and the amount of money to spend on a lease and Wong decided to leave after Reddit's board didn't approve his plan, Altman writes.

In October, after the company raised $50 million in new funding, Reddit employees had to either relocate to the company's San Francisco office or leave the company, The New York Times reports.

Wong recently wrote an extremely frank response to a former employee holding a Reddit AMA about his termination from the company which reportedly made some current employees uncomfortable.

Ellen Pao, Reddit's business exec, will be stepping up as interim CEO and Reddit cofounder Alexis Ohanian will be returning to a full-time executive chairman position.

Before Reddit, Pao was a partner at Kleiner Perkins; she sued the company and her colleagues for sexual discrimination in 2012 in a well-publicized case that shone a spotlight on sexism in Silicon Valley.

Here's Altman's complete post: