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Reddit raised $200 million in funding and is now valued at $1.8 billion
Reddit has raised $200 million in new venture funding and is now valued at $1.8 billion, according to CEO Steve Huffman. The new funding round, the company’s largest ever, should expedite a number of internal product and business efforts, including a redesign of its homepage and its first foray into user-uploaded video, Huffman added in an interview with Recode.