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Reddit raises $250 million in Series E funding, company now valued $6 billion
Reddit closed a $250 million Series E funding. This has now upped the valuation of the discussion platform to around $6 billion. Reddit said both new and existing investors funded the latest round. Reddit had its Series A funding in 2005 and the last – Series D – funding in 2019, when it raised $300 million. The platform boasts of over 50 million daily active users taking part in discussions.
Vark
2 weeks
Reddit is nothing but a place for corporations to upvote targeted advertisements whilst Chinese government has a 40% share.
Dagelf
2 weeks
Propaganda sponsorship hidden in plain sight.
Jim Boi
2 weeks
Could have gotten more if Robinhood didn’t side with the hedge funds.
Vould have made more if they didn't go out of their way to kick conservatives off the platform