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user-inactivated  ·  2340 days ago  ·  link  ·    ·  parent  ·  post: Reddit raised $200 million in funding and is now valued at $1.8 billion

Much like the more widely known Skyscraper Index I wonder if we need to develop a "social media website" index. When people start dropping millions on valuing shitposting and trolling, then you know that a Silicon Valley VC crash is incoming.

And seriously, 200 million for reddit of all things? Have they ever made money?