‘Investors stitches 150 million dollars in Reddit’
The discussiesite Reddit will receive an investment of 150 million dollars. The company is valued at about 1.7 billion dollars (1.5 billion euros).
Reports that Bloomberg, on the basis of insiders. A spokesman of Reddit would just like to say that the round has not yet been formally completed.
Reddit was founded in 2005 as a way to get links, images and videos to share. Twelve years later, that mission has not changed, and the site now looks largely the same.
Although Reddit is one of the most popular websites in the world, various owners have had trouble there to make money. Reddit was for many years the property of tijdschriftenuitgever Conde Nast, but that broke the site again.
In 2014 stop several investors, including the rapper Snoop Dogg, 50 million dollars in Reddit. It is not known who is behind the new investment round.