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Tuesday 20th March 2018

Reddit Now Valued at $3 Billion

Business

7Dnews London

Mon, 11 Feb 2019 23:02 GMT

Social media network Reddit Inc said on Monday it raised $300 million following its latest funding round, led by Tencent Holdings Ltd, giving it a market valuation of $3 billion, reports AFP.

The investment from a China-based company, news of which started making the rounds around five days ago, quickly ignited censorship fears on Reddit, which calls itself the "front page of the internet."


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