announced that it is raising up to $700 million in new funding, giving the community-discussion site a post-money valuation of more than $10 billion, the company announced.
Reddit has said it plans to double headcount in 2021, expanding from about 700 to 1,400 employees. The company is who oversaw Snap’s IPO in 2017.
Source: News Formal (newsformal.com)
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