Reddit raises $300M in finance round led by China's Tencent
14 February, 2019, 07:09 | Author: Regina Silva
San Francisco-based Reddit raised US$300 million at a US$3 billion valuation, with investors including Andreessen Horowitz, Fidelity, Sequoia and Tencent, the company's chief executive told CNBC. Reddit is ranked among the most visited USA websites, and has more than 138,000 "communities" for discussions on various topics.
Both Snap and Reddit are banned in China, along with Facebook, Google and Twitter.
While it seems unlikely that Tencent and other investors would be able to control what gets posted on Reddit, it did not stop a number of users from protesting it.
Red Bull reveals RB15 with striking 'one-off' livery
In a short video posted on Twitter, Verstappen offered a positive assessment of his initial run on board the new auto . Verstappen has won five races in the two and a half years he's spent at Red Bull Racing .
Reddit has also actively worked to clean up the platform, once flooded with trolls and inappropriate content.
The platform has 330 million active users and describes itself as the "Front Page of the Internet". The government's internet censorship regime uses a series of technical measures to block foreign platforms and controversial content. Ever since it was rumored that Tencent was going to invest in Reddit, a number of Reddit users posted images of the Tiananmen Square Massacre. Chinese tech giant Tencent, the parent company of China's largest social network WeChat, is the lead investor, contributing half of the total financing. The push appears to be achieving results, with the company's ad revenue reportedly exceeding $100 million for the first time previous year. Search terms such as "six four" - a reference to the date of the event 4 June and "never forget" when typed into Chinese search engines have not returned any results.
Images of the storybook bear were reportedly banned online in China after bloggers used them to represent Xi in posts.
"Given that Reddit just took a $150 million investment from a Chinese censorship powerhouse, I thought it would be nice to post this picture of Winnie-The-Pooh before our new glorious overlords decide we can not post it anymore", says the post - which was voted up over 37,000 times.
When asked about which he thought was a more remarkable accomplishment, Michael Jordan chose to not even answer the question. Of course, Jordan is now the owner of the Charlotte Hornets who just so happen to be hosting this year's All-Star game.
The company planned to document every step of the journey to Mars, including the selection of astronauts and their training. After all, Mars One itself isn't an engineering firm, and has no operations in building space craft.
On Monday, the agency released an unclassified report on the security threat to the US's dominance in space. DIA forecasts the space industry to continue expanding as more countries gain increased access to space.
A separate report from Mac Otakara said Apple could ultimately decide to stick with the Lightning port in its upcoming iPhones. Now, the company could finally release its wireless charging mat this spring, according to MySmartPrice .
The triple-double for Westbrook against the Trail Blazers was the 127th of his 11-year career, and the 23rd this season . Westbrook had five assists heading into the fourth, and after a rest, he re-entered the game with 9:36 remaining.
A horrific scene unfolded in a small Texas town outside Dallas where two children were found locked inside a dog cage together. They went inside and found two children locked in the kennel and two others who were malnourished and covered in feces.
Red Bull have unveiled their first Honda-powered Formula 1 vehicle , with Max Verstappen driving the initial laps at Silverstone. The Silver Arrows and Red Bull will share use of Silverstone on Wednesday for shakedown runs of their 2019 cars.
Shortly before his daughter was due to Wednesday Harry, Thomas staged paparazzi photos of himself preparing for the wedding. Talking of Samantha , she is reportedly making as much as $10,000 off the nearing birth of the royal baby.
It does seem like the Nationals ' 10-year, $300 million offer is no longer in play, but it's always possible they circle back. From where I sit, the idea of Harper to the Giants is pretty much off the table after this report.
Back in the saddle as racing gets the go-ahead to resume
We are working with the Thoroughbred Breeders Association and wider Newmarket community to attempt to contain the issue'. Should the decision be taken to return to racing tomorrow, declarations for any fixtures staged will be this morning.
Ajax Amsterdam vs. Real Madrid - Football Match Report
But just before the hour mark Benzema made the breakthrough with his 60th Champions League goal on his 450th Real appearance. Ramos will play his 600th game as a Real Madrid defender on Wednesday and Solari hailed his captain's influence on the team.
Bill Cosby: 'Prison is an amazing experience'
For the full video interview check here. "He doesn't want people to try to exploit (Camille) and his daughters if they visit". Cosby's been trying to stop him from drinking coffee for 55 years and it took this to stop him from drinking coffee".
Lawyer defending ex-Nissan chairman Carlos Ghosn resigns
He has been charged with falsifying financial reports by under-reporting his compensation and with breach of trust. Otsuru said he was meeting Ghosn regularly for several hours at a time, describing his then-client as focused.
China's Xi Jinping to meet top U.S. trade officials
American warships have also sailed through the strait separating mainland China from democratically run Taiwan. Chinese and USA officials will hold high-level talks this week aimed at halting their damaging trade war.