Reddit is valued at over $10 billion after raising an additional $410 million from a group of investors led by Fidelity Investments, according to a report from The New York Times. The online news aggregator and discussion forum plans to raise a total of $700 million as part of the new Series F funding, the company announced on Thursday. San Francisco-based Reddit was valued at $6 billion in...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
Amazon Starts Latest Round of 9,000 Layoffs
Nasdaq to Launch Crypto Custody Service By End of June
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups electric vehicles
SpaceX Plans New Funding With Backing From Saudi, UAE Investors
Exclusive microsoft startups
Amazon Faces Moment of Truth on Alexa as ChatGPT Steals Its Thunder