BENGALURU (Reuters) - Social media network Reddit said on Thursday it will raise up to US$700 million in a late-stage funding led by Fidelity Management and Research Company, giving it a valuation of more than US$10 billion.
The company's popular WallStreetBets forum has been at the heart of a boom in trading by small-time stock market investors this year that has threatened Wall Street hedge funds and sent shares in companies including GameStop and AMC soaring.
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