The funding round, led by venture capital firm Vy Capital<\/a>, saw Reddit’s valuation double to $6 billion, according to The Wall Street Journal. Other Reddit investors include Andreessen Horowitz, Sequoia Capital and Tencent.
The “social news website”, which claims to have more than 50 million daily active users, plans to use the funds raised to make strategic investments in areas such as video, advertising, consumer products and international expansion. The proceeds will also be used to double its employee headcount this year, the company said.
In December, Reddit had acquired short-video platform Dubsmash to provide its users access to latter's editing and short-video creation tools.
The company said it has also scaled up its advertising business, with direct advertising revenue increasing 90% in the last quarter from the year-ago period.
\"We continue to invest in building and improving the ways people on Reddit connect — whether that’s traditionally through text-based discussions or through video or live streaming,\" the company said in a blogpost.
Last month, several companies including video game retailer GameStop and cinema operator AMC Entertainment saw wild fluctuations in their stock prices, as several thousand amateur traders on Reddit's WallStreetBets community egged one another to buy stocks in order to squeeze some of the hedge funds that had bet these stocks would fall.
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Reddit已经筹集了2.5亿美元吗E系列从现有的和新的投资者资金,在角色的重新关注其社区——之一wallstreetbets——在最近的美国股市狂潮。
一轮融资,由风险投资公司v资本,Reddit的估值两倍至60亿美元,据《华尔街日报》。其他Reddit投资者包括Andreessen Horowitz,红杉资本和腾讯。
“社会新闻网站”,声称每乐动扑克天超过5000万活跃用户,计划使用募集资金进行战略投资等领域的视频、广告、消费产品和国际扩张。收益还将用于今年员工人数增加一倍,该公司表示。
12月,Reddit短片Dubsmash平台提供用户访问的编辑和短片创作工具。
该公司表示它也扩大它的广告业务,直接广告收入在去年最后一个季度较上年同期增加90%。
“我们继续投资在建设和完善方面人们在Reddit连接——无论是传统上通过基于文本的讨论或者通过视频直播,”该公司在博文中表示。
上个月,几家公司包括视频游戏零售商GameStop和影院运营商AMC娱乐看到它们的股价大幅波动,几千名业余交易商在Reddit WallStreetBets社区怂恿对方购买股票以紧缩的一些对冲基金押注这些股票会下跌。
一轮融资,由风险投资公司v资本,Reddit的估值两倍至60亿美元,据《华尔街日报》。其他Reddit投资者包括Andreessen Horowitz,红杉资本和腾讯。
“社会新闻网站”,声称每乐动扑克天超过5000万活跃用户,计划使用募集资金进行战略投资等领域的视频、广告、消费产品和国际扩张。收益还将用于今年员工人数增加一倍,该公司表示。
12月,Reddit短片Dubsmash平台提供用户访问的编辑和短片创作工具。
该公司表示它也扩大它的广告业务,直接广告收入在去年最后一个季度较上年同期增加90%。
“我们继续投资在建设和完善方面人们在Reddit连接——无论是传统上通过基于文本的讨论或者通过视频直播,”该公司在博文中表示。
上个月,几家公司包括视频游戏零售商GameStop和影院运营商AMC娱乐看到它们的股价大幅波动,几千名业余交易商在Reddit WallStreetBets社区怂恿对方购买股票以紧缩的一些对冲基金押注这些股票会下跌。
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