How much is Reddit worth now?

Share All sharing options for: Reddit is now valued at more than $10 billion. 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.

Is Alexis Ohanian billionaire?

He was also a partner at Y Combinator. Ohanian is based in Florida, where he lives with his wife, tennis player Serena Williams, and their daughter, Alexis Olympia Ohanian. As of 2019, Forbes estimated Ohanian’s net worth as $70 million….

Did Alexis Ohanian sell Reddit?

Alexis Ohanian is perhaps most widely known for co-founding Reddit and selling it for $10 million 16 months later at the age of 23 (and for marrying tennis legend Serena Williams in 2017). But today he is also known as a savvy start-up investor.

What team does Serena Williams own?

Miami Dolphins
That is right, Venus and Serena Williams have agreed to become minority owners of the Miami Dolphins organization.

How much did Ohanian sell Reddit for?

Huffman and Ohanian sold Reddit to Condé Nast Publications, owner of Wired, on October 31, 2006, for a reported $10 million to $20 million and the team moved to San Francisco.

How is Reddit making money?

The company generates revenue through advertising and an ad-free premium membership plan. Reddit operates in the application-software segment of the technology industry, providing software that allows users to share media content.

How much money does Reddit have?

According to Wikipedia, in February 2019, by the led of TenCent, a $300 million funding round took Reddit’s valuation to $3 billion. Study economics for business with MIT.

Is Reddit owned by a company?

Reddit is a social news site owned by a company called Condé Nast Digital. It was originally founded in 2005 by the University of Virginia students Steve Huffman and Alexis Ohanian, but they are not the current owners of this social news site right now. Reddit was sold to a company called Condé Nast Digital in 2006.

How big is Reddit’s valuation?

Reddit still falls short of other major social media sites in its growth. Its latest valuation appears small next to Twitter’s $51.7 billion valuation and 206 million monetizable daily active users, as of the second quarter, and Facebook’s $1 trillion dollar valuation, as of Friday’s market close, and 1.9 billion daily active users in June.

Is Reddit owned by Advance Publications?

In 2012, Reddit operated as an independent entity, although Advance Publications was its largest stockholder. Steve Huffman is an entrepreneur and co-founder of Reddit. From 2015 to till now, he is the CEO of Reddit. Nowadays, Reddit is a private company where many shareholders have invested.