Re:Reddit raises $410M in new funding
by techrat on Thursday August 12, 2021 @08:41PM
(#28163805)
You do realise that TWO THOUSAND YEARS worth of server time just from six (of about 138,000 active subreddits) pays for more than just a handful of employees?
Reddit is a 9 figure company. Soon to be 11 figures.
> We will raise up to $700 million in Series F funding, led by Fidelity Management and Research Company LLC. and including other existing investors, at a post-money valuation of over $10 billion.
And this is before ad sales.
Hell, when it comes to ad sales...
They hit > $100 mil this QUARTER.
https://redditblog.com/2021/08/12/reddit-secures-funding-to-...
Reddit is a 9 figure company. Soon to be 11 figures.
> We will raise up to $700 million in Series F funding, led by Fidelity Management and Research Company LLC. and including other existing investors, at a post-money valuation of over $10 billion.
They're not hurting.