Online news aggregator and discussion forum Reddit has raised $250 million in new funding at a $6 billion valuation, the company said on Monday. The new financing comes shortly after thousands of Reddit users—members of the company’s Wall Street-focused community—banded together to send GameStop stock prices to record highs. Discussions in the group led to wild swings of other stocks and forced...
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Fast-Delivery Startups Getir and Flink Held Merger Talks
Turkey-based fast-delivery firm Getir had preliminary talks late last year about merging with Flink, the Germany-based startup, in a sign that consolidation in the fast-delivery sector may have another round to go. Merging with Flink would strengthen Getir in Germany, where it expanded through last year’s acquisition of Gorillas. Flink came away from the discussions uninterested in...
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