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Reddit Raises $300 Million at $3 Billion Valuation

Newsmax Monday, 11 February 2019
Reddit has raised a new $300 million round of funding from investors including Tencent, Sequoia, Fidelity and Andreessen Horowitz among others.
Credit: TomoNews US - Published < > Embed
News video: Reddit takes Tencent cash, sparks user backlash

▶ Reddit takes Tencent cash, sparks user backlash 01:46

SAN FRANCISCO — Last week reports came out Chinese tech monstrosity Tencent would be investing $150 million in Reddit. China—for those who have been living under a rock—has the greatest internet. The only problem? It doesn't actually connect to the outside world and comes with just a pinch...

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