New funding round sees Reddit gain $4B in valuation since February

New funding round sees Reddit gain $4B in valuation since February

Speaking on the latest funding round which sees Reddit at a valuation of $10 billion, Steve Huffman, co-founder and chief executive stated tentative plans for the firm to go public. Popular social media platform Reddit has gained $4 billion in value since its last funding round earlier this year in February.Six months ago the firm raised $250 million in Series E funding at a valuation of $6 billion. In the latest move, Reddit announced a Series F funding round on Aug. 12 — which is being led by Fidelity Management and Research Company LLC and is expected to close at around $700 million....


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