Reddit Costs $3 Billion
Social news aggregator Reddit attracted $300 million in the latest funding round. This money will be used for advertising. Among the investors were large investment funds, financial and technological companies, such as Sequoia, Fidelity, Tacit, and famous American rapper Snoop Dogg. Chinese investment holding Tencent put in "the front page of the Internet" $150 million, which raised censorship concerns. As you know, Reddit is banned in China.