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Reddit valued at $10 billion in new funding round

Reddit will raise up to $700 million in a fundraising round led by Fidelity Management, the social media network said on Thursday, cashing in on a jump in its influence in the financial world to triple its valuation to over $10 billion.

Reddit is valued at more than $10 billion in latest funding round

The Pixar film “Luca,” the Marvel series “Loki” and the live-action movie “Cruella” helped attract 12.4 million new subscribers to Disney’s streaming service.

Reddit valued at US$10 billion in new funding round

Reddit will raise up to US$700 million in a fundraising round led by Fidelity Management, cashing in on a jump in its influence in the financial world to triple its valuation to over US$10 billion.

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