guacamole

@guac · 9 months ago

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

from headline at https://www.reuters.com/article/us-reddit-funding-idUSKBN2A9056.

reuters.com

published 2/9/2021

author

Reuters Staff

summary

Reddit Inc, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it raised more than $250 million in a new round of funding that doubled its valuation to $6 billion.