Reddit’s valuation more than doubles to $6 billion after new funding round

Reddit Inc’s valuation has more than doubled to $6 billion after it raised more than $250 million in a new round of funding. It has been at the core of the recent social media-driven retail trading frenzy.

In a statement, Steve Huffman, the social media company’s CEO said, it is a good market to raise funds. 

“Valuations are very high right now. It never hurts to raise money when there’s an opportunity to do so and Reddit had a strong year,” said Huffman/

In a blog post Reddit stated, its advertising revenue increased by 90% in the last quarter compared to a year earlier.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: