Reddit has announced it will raise up to $700 million in a late-stage funding led by Fidelity Management and Research Company, pushing its valuation over $10 billion. But coinciding with this announcement, Reddit reportedly was down for over an hour on Thursday.
Reddit is now valued at more than $10 billion – theverge.com
Reddit, the self-declared ‘front page of the internet,’ says it is now valued at more than $10 billion after raising an additional $410 million in funding, with the final round expected to grow to up to $700 million. The company continues to build and sanitize its business, removing racist,…
Link: Reddit is now valued at more than $10 billion
via www.theverge.com
Reddit goes down for 90 mins, users flock to Twitter to complain – HT.com
Reddit suffered an outage for about 90 minutes early on Thursday leading people to panic and descend on Twitter to complain. The micro-blogging platform was full of Reddit users tweeting about the outage and talking about how they needed it up and working the soonest. Reddit shut down at about 12:30 PM AEST (8 AM Indian time) and it was restored by 2 PM AEST (9:30 AM Indian time).
Link: https://tech.hindustantimes.com/tech/news/reddit-goes-down-for-90-mins-users-flock-to-twitter-to-complain-71628765697848.html
via: www.tech.hindustantimes.com
