Category: Reddit
Reddit raises $250 million in Series E funding
Reddit has raised a new funding round, totalling $250 million. This is the company’s Series E round of financing, and it comes hot on the heels of renewed public attention on the site that has dubbed itself ‘the front page of the Internet,’ owing to the role the subreddit r/WallStreetBets…
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Breaking down Reddit’s battle over GameStop’s stock
I get it, the story of how Redditors banded together to increase the value of GameStop’s stock is confusing. So we tapped business journalist Mike Futter, author of the GameDev Business Handbook and co-host of the Virtual Economy Podcast, to help us… Source
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Engadget Podcast: How Reddit day traders blew up GameStop’s stock
If you were confused about how, exactly, a bunch of Reddit finance obsessives turned the beleaguered GameStop into a white hot stock, you’re not alone. This week, Cherlynn and Devindra chat with Mike Futter, author of the GameDev Business Handbook an… Source
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Discord bans Reddit’s WallStreetBets for hate speech as scrutiny intensifies
Discord has banned the server used by the controversial subreddit r/WallStreetBets for what it says are repeated violations of the company’s hate speech policies. The ban comes as the subreddit’s moderators briefly took the group private, saying they… Source
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WallStreetBets goes dark
After a wild day for public markets driven by Reddit traders commandeering stocks and combatting hedge fund short sellers, the community at r/wallstreetbets no longer has a home on Discord and its Reddit community has been locked down as an invite-only subreddit for the time being. Discord announced this afternoon…
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Reddit snaps up TikTok rival Dubsmash
Reddit has acquired short-form video platform and TikTok rival Dubsmash for an undisclosed sum, the companies announced. Dubsmash will keep its current platform and brand, while Reddit will integrate Dubsmash’s video creation tools. “Dubsmash provide… Source
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