New Funding Round Values Reddit at an Astounding $3 Billion

Reddit announced a new $300 funding round valuing the company at an astounding $3 billion. The valuation is amazing considering that Reddit has been around for quite a while and is presumably past its high growth phase.

Reddit Co-Founder Says the Front Page Is Atrocious

In 2005, Steve Huffman and Alexis Ohanian co-founded reddit – surely unaware of what the site would become. In a year, reddit would become a Conde Nast property. As of today, reddit is seeing over six billion pageviews a month…