Reddit's valuation doubles to $6 billion after new $250 million funding

Topics Reddit | Markets | valuation

(Reuters) - Reddit Inc, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it raised more than $250 million in a new round of funding that has doubled its valuation to $6 billion. The social media company's Chief Executive Officer, Steve Huffman, told the Wall Street Journal (WSJ) that it is a good market to raise funds. https://on. "Valuations are very high right now. It never hurts to raise money when there's an opportunity to do so and Reddit had a strong.

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