Date: 2 weeks ago   Category: Hi-Tech

Reddit attracted $300 million and reached assessment in $3 billion


Assessment of "the homepage of the Internet" grew almost twice for the last one and a half years.

the Social service Reddit closed a round of investments for the sum of $300 million and reached assessment in $3 billion, CNBC tells.

took part In the transaction the Chinese holding Tencent which invested $150 million and also present investors among whom there are Sequoia and Fidelity investment and also the musician of Snoop Dogg. In the previous round in August, 2018 Reddit attracted $200 million at assessment in $1.8 billion

the Co-founder of Reddit Steve Hoffman told CNBC that the company constantly invests in systems which protect the platform from insults and other undesirable behavior - both for convenience of users, and for the sake of good conditions for advertisers. "We pereizobretat advertizing - both from the technological party, and from our opportunity to offer the friendly atmosphere to both users, and advertisers", - he noticed. When we speak about fight for advertizing budgets, of course, we speak about Facebook and Google which receive huge shares from this money. If to speak about fight for users, we compete with all things in the world with which people spend free time. Steve Hoffman

the founder of Reddit Telling

about the interest of Tencent in the platform, Hoffman explained that the Chinese company invests in a large number of video games - and this category is very popular on Reddit. Reddit is blocked in China.

of Reddit can grow due to simplification of the website for involvement of beginners whom the difficult interface of the platform can frighten off, Hoffman says. Also he considers that Reddit have a potential for growth outside the USA, but the company wants that service ideally worked in the native land with habitual language and culture - and in this direction still there is a work, the co-founder of the website considers.

the Audience of Reddit which calls itself(himself) "the homepage of the Internet" totals about 330 million active users monthly, from them a half - aged people of 18-24 years in whom advertisers are interested, Hoffman says. It does not open revenue of Reddit, but sources of CNBC say that the project for the first time overcame a mark of $100 million in 2018.

URL:




Today

just now

Shamil Zavurov lost final fight. passed a tournament on mixed martial arts of Road Fighting Championship In Seoul. In the final of light-weights met the Russian, the cousin of the champion of UFC...

just now

At the weekend in England the red derby of irreconcilable rivals will take place - Manchester United will accept Liverpool. For both teams a game has great tournament value therefore fans will see the...

just now

For the main trophy of the Cup of football league Chelsea and Manchester City will battle. Bookmakers gave the forecast for this match, having estimated chances of each of teams of a victory. Mauriz...

just now

The Ukrainian singer and the leader Olya Tsibulskaya often participates in juicy discussions and itself shares stories from the private life in Instagram. This time it became the guest of the Karaoke...

just now

The young man from the occupied parts of the Luhansk and Donetsk regions are actively trained for fighting of In network there was video of "A meeting of young patriots" which took place in the Perm...

just now

On February 23 the message came to Service of rescue "101" that on the thrown farm near an elevator in the settlement of Partizansk of the Dnieper district the man was pressed down by a reinforced con...

just now

The Network discusses extraordinary external similarity of two boys again. Anastasia Stotskaya is a singer of whom was a producer in due time and was favored, if I may say so, by the pop king Philip...

just now

Devotion is a horror about the Taiwan life of the 80th from the Taiwan studio Red Candle Games. A game started extremely successfully, collected the mass of positive reviews and even escaped in top-25...