BUSINESS INSIDER - Feb 22 - Steve Huffman, CEO of the social media site Reddit, told legislators that investing advice on the site was "among the best" in remarks to the House Committee on Financial Services. The community moderation system - known on Reddit as "upvoting" or "downvoting" posts -allows users to boost or decrease visibility for posts that they either agree or disagree with. Huffman also said that Reddit's "user base is exceptionally good at sniffing out false information" using this method. Huffman went on to compare the user-voted posts on Reddit to investment advice on television. "On Reddit, I think the investment advice is actually probably among the best because it has to be accepted by many thousands of people before getting that sort of visibility," Huffman said.
by Annabelle Williams
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