#TIA – Few companies win races by being the least valuable but Reddit seems to have done it among social networks
Reddit’s latest funding round values its users at a lower price than any other social network.
The company announced Monday it had raised $300 million in its Series D investment round at a valuation of $3 billion. CNBC previously reported the company’s annual revenue topped $100 million, according to sources familiar with the matter, and at 330 million monthly active users (MAUs), this would make Reddit’s average revenue per user (ARPU) about $0.30.
Read more at CNBC