Reddit was valued at more than $10 billion
Reddit reached a value of $10 billion, a level reached after the company obtained a financing of $410 million.
As GadgetsNow says, the financing is a good illustration of investor confidence in the path Reddit will take in the near future, eliminating the toxicity and controversial issues that were once the platform’s ‘brand image’.
- Reddit raised $250 million to become a $6 billion company
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It is believed that Reddit’s funding could reach $700 million, which will make the company even more valuable. On the company’s future, Reddit co-founder and CEO Steve Huffman said he still plans to make the company public.
“We are still planning on going public, but we don’t have a firm timeline there yet,” Steve Huffman,Aco-founder and CEO, Reddit, was quoted as saying to The New York Times in an interview.
“All good companies should go public when they can,” Huffman added.