Reddit Valuation
As you guys probably know, Reddit considers itself the “front page of the internet.” According to Bloomberg, the “front page of the internet” has raised funds that value the startup at $1.7 billion.
I agree with the article’s take on the website design: cramped text & dull. However, there is no denying its popularity – according to Alexa, Reddit is the 7th most visited website worldwide and 4th in the U.S.
What do you higher primates think about Reddit’s valuation – Buy or Sell? What would you guys consider a more accurate valuation (if you think the current value is wrong)?
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