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.
Texas couple jailed after children found neglected
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.
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.
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.
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.
The Ravens have reportedly struck a deal to send QB Joe Flacco to the Denver Broncos , according to industry reports. Flacco , 34, is a former Super Bowl MVP, but he's largely underwhelmed since Baltimore's championship season in 2012.
This is the second spin off of the hit show following the success of Better Call Saul , which now has four seasons. A few months ago, it was announced that there was a Breaking Bad movie on the way , and fans were delighted.
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.
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's a sustainable approach that creates more commercial opportunities, which is necessary for long-term human space exploration'. The space agency's administrator also added that initial plans of this ambitious project will begin by next week.
The indictment says the four Iranians were acting on behalf of the government-linked Iranian Revolutionary Guard Corps . But later that year, she helped an unnamed Iranian-American official produce an anti-American propaganda film.
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.
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 .