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Reddit Hits $10 Billion Valuation webpronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webpronews.com Daily Mail and Mail on Sunday newspapers.
Earlier this year, Reddit raised $250 million, bringing the 16-year-old site up to around $800 million in total funding. Today, it announced plans for an even more massive windfall, with a Series F led by Fidelity. The company confirmed with TechCrunch that it has raised $410 million thus far, with plans to raise up to […] ....
Reddit worth $10bn after new fundraising telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
April 17, 2021 Reddit has traditionally taken a laissez-faire approach to policing content on its platform. The company hosts a loose federation of old-school internet forums, known as subreddits, which are each overseen by a team of volunteer moderators. Reddit sets certain baseline rules banning things like child porn, drug sales, and (as of 2015) harassment. But the rest is up to the users in each subreddit, who set their own community-specific norms and empower unpaid moderators to enforce them. This is a starkly different moderation approach from Facebook and Twitter, which each set clear, granular, top-down rules in their terms of service and employ armies of contract workers and far-reaching algorithms to weed out noxious content. Reddit’s decentralized policy has become a liability in recent years, and may become even more of a drag as the company eyes an IPO. (Reddit recently hired Drew Vollero, who helped Snapchat go public in 2017, as its first-ever CFO to hel ....