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Reddit's valuation doubles to $6 bn after new funding round - Report

1 min read 09 Feb 2021, 07:19 AM IST Join us

Staff Writer

It raised $250 million in a new round of funding that comes as the social-media company has added users through the COVID-19 pandemic

Reddit mascots are displayed at the company's headquarters in San Francisco, California. (REUTERS) — Reddit mascots are displayed at the company's headquarters in San Francisco, California. (REUTERS)

Reddit Inc's valuation has doubled to $6 billion, as it raised $250 million in a new round of funding that comes as the social-media company has added users through the COVID-19 pandemic and has been at the heart of a recent social media-driven retail trading frenzy, the Wall Street Journal reported on Monday

More details awaited

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Updated: 09 Feb 2021, 07:19 AM IST

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