Reddit in talks to raise funds, startup valued at $1.7b

Reddit in talks to raise funds, startup valued at $1.7b

Alexis Ohanian, chairman and co-founder of Reddit Inc., right, speaks as Steve Huffman, chief executive officer and co-founder of Reddit Inc., listens during a Bloomberg West television interview in San Francisco, California, U.S., on Tuesday, Aug. 23, 2016. Photographer: David Paul Morris/Bloomberg via Getty Images

Reddit is one of the few relics of the mid-2000s internet that has not only survived but thrived in recent years. Now venture capitalists are giving a major boost to the link-sharing website, with funding that will give the company a valuation of about $1.7 billion, two people familiar with the matter said.

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