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Reddit Is Reportedly Worth $2.7B

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Reddit is raising a new round of funding led by the Chinese company Tencent, according to TechCrunch. That round, a $150 million Series D, reportedly values the company at $2.7 billion. Reddit was owned by Condé Nast from 2006 to 2011 before getting spun back off into an independent company. Reddit, the online forum associated with everything from online trolls to cat videos to live interviews with President Barack Obama, is raising a mega funding round that values the company at $2.7 billion, according to TechCrunch's Josh Constine.

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