Reddit Crypto Communities Protest New Company Policies
Numerous subreddits on Reddit, including prominent crypto subreddits, decided unanimously to go private for 48 hours in protest of new company policies prohibiting the use of third-party applications. Reddit announced in April plans to modify how users interact with the Reddit Data application programming interface (API). This seven-year-old application allows developers to create tools and […]
Reddit co-founder reportedly paid $15K for 50,000 ETH
Reddit co-founder Alexis Ohanian allegedly paid about $15,000 for 50,000 ETH, or roughly 30 cents for each coin in 2014, during the presale of the cryptocurrency. Reddit co-founder, who departed the social media behemoth in 2020, said in a Forbes piece published on February 21 that his Armenian origin contributed to his attraction to the […]
Reddit gains $4B valuation from new funding
Steve Huffman, co-founder and chief executive of Reddit, commented on the company’s recent investment round, which valued the company at $10 billion. Since its most recent investment round in February, the popular social media platform Reddit has seen its market capitalization increase by $4 billion. Six months ago, the company raised $250 million in Series […]