Investors Pump $250M Into Reddit Following Social Media Site’s Role In GameStop Mania

Reddit has raised $250 million in a Series E fundraising round, the company announced.

The social media site, which said both new and existing investors participated but did not disclose their names, plans to double its headcount with the funds, as well as build out its “video, advertising, consumer products” and international efforts, according to a blog post.

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