Reddit to raise $700 million at over $10 billion valuation

(Reuters) – Social media platform Reddit said on Thursday it will raise up to $700 million in a late-stage funding led by Fidelity Management and Research Company LLC, giving it a post-money valuation of over $10 billion.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Arun Koyyur)