“It’s surprising not only for the pace of growth but also that such a relatively lean team has been behind one of the most visited websites in the world. The company says it will also “double” its total staff in 2021. Reddit announced Monday that it has raised $250 million in new funding from both new and current investors, which the company said it intends to use for “strategic investments” that include “video, advertising, consumer products” as well as an expansion “into international markets.”
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