Free Porn
xbporn

1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet وان ایکس بت 1xbet 1xbet سایت شرط بندی معتبر 1xbet وان ایکس بت فارسی وان ایکس بت بت فوروارد betforward سایت بت فوروارد سایت betforward 1xbet giriş
HomeCryptocurrencyReddit Raises $250M After WallStreetBets' GameStop Pump

Reddit Raises $250M After WallStreetBets’ GameStop Pump

-

[ad_1]

Reddit has raised $250 million in a Series E fundraising round, the company announced Monday night. 

The social media site, which said both new and existing investors participated but did not disclose their names, plans to double its headcount with the funds, as well as build out its “video, advertising, consumer products” and international efforts, according to a blog post. 

According to the Wall Street Journal, this means Reddit plans to have a total of 1,400 employees by the end of 2021 and now enjoys a $6 billion valuation. 

“Time and again, we have seen the power of community and connection alongside the growth and evolution of those communities and the humans behind them,” Monday’s announcement said.

The blog post didn’t mention the GameStop pump, though a Super Bowl ad purchased by the company for Sunday night’s game obliquely referenced it, saying “one thing we learned from our communities last week is that underdogs can accomplish just about anything when they come together around a common idea.”

Reddit did not discuss its current financial situation but noted in Monday’s announcement that it sees over 50 million daily users and said its direct advertising revenue increased 90% over the past quarter, compared to the last quarter of 2019.

“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 blog post said. 

While Monday’s announcement did not mention its recent crypto forays, it comes just under two weeks after the company expanded its partnership with the Ethereum Foundation in the hopes of “bringing Ethereum to Reddit-scale production.”

[ad_2]

Source link

LATEST POSTS

Cardano faces $1.60 resistance after ADA price hits 2-month highs

Cardano's ADA token came close to its highest in two months on Aug. 10 as daily gains neared 6%.Data from Cointelegraph Markets Pro and...

Teller Finance deploys mainnet on Polygon, migrates 2,200 NFTs

Teller Finance, a non-collateral lending protocol for the DeFi market, has officially deployed its mainnet on Polygon, marking a significant milestone in its quest...
[td_block_social_counter style="style8 td-social-boxed td-social-font-icons" facebook="tagdiv" twitter="tagdivofficial" youtube="tagdiv" custom_title="Follow us" block_template_id="td_block_template_11" border_color="#fbb03b" f_header_font_size="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTgifQ==" f_header_font_weight="600" f_header_font_family="702" f_header_font_transform="uppercase" tdc_css="eyJwb3J0cmFpdCI6eyJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiI0MCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3NjcsImFsbCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn19"]

Most Popular

spot_img