guac: "Reddit's valuation doubles to $6 billion after new $250 million funding https://www.reuters.com/article/us-reddit-funding/reddits-valuation-doubles-to-6-billion-after-new-250-million-funding-idUSKBN2A9056"

Reddit's valuation doubles to $6 billion after new $250 million funding reuters.com/article/...

Ads, GameStop raise Reddit price tag to $6 billion in latest fundraising

publisher

date published

Tuesday February 9th, 2021

authors

Anirban Sen, Rama, Venkat, Kanishka Singh

summary

Reddit Inc has doubled in value to $6 billion as the social media platform at the heart of last month's retail stock trading frenzy raised more money to handle the rush of new subscribers.