Reddit is getting more popular; now valued at $6 billion after raising $250 million

Reddit's valuation has doubled since February 2019.


Kenneth Ho

9 Feb, 2021

Reddit is getting more popular; now valued at $6 billion after raising $250 million | BEAMSTART News

- From our Sponsors -

Reddit, a popular social news aggregation, web content rating, and discussion website, has just raised $250 million in a new funding round.

The funding round brings Reddit's current valuation to $6 billion, double its previous round.

The last time Reddit raised funds was back in February 2019, when Tencent led a $300 million round into the company, valuing it at $3 billion.

Reddit today has more than 50 million daily active users, with advertising revenue climbing 90% in the last quarter compared to the previous year.

“We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer products, and expanding into international markets,” Reddit announced in a blog post.

- From our Sponsors -

Latest Jobs

Account Manager (Hybrid)

Pinkerton

New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly

GROCERY SHOPPER UP TO $11/H !THEY ORDER, YOU SHOP!

RecruitFirst

SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

[URGENTLY NEEDED] Portuguese to English Proofreader

Elite Asia

Malaysia

Contract / Freelance

Salary Undisclosed

Junior Accounts Cum Admin Assistant

LABEL-LINE CORPORATION PTE LTD

Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers

TWGT

Manila, Philippines

Full Time

USD 2000 monthly

Financial Officer

PIVOT Fintech Pte Ltd

60, #11-25 Paya Lebar Rd, Paya, Singapore

Full Time

USD 5000 — USD 8000 monthly

Also Mentioned


Tencent

Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.

Related Topics

Reddit

More Related Stories

Community Discussions

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).