Investors

Reddit score doubles to $ 6 billion after $ 250 million in new funding

Summary

Reddit/WALLSTREETBETS triggers run on silver, investors buy 28.3% of last year’s ETF total in 1 day Description video: Reddit/WALLSTREETBETS triggers run on silver, investors buy 28.3% of last year’s ETF total in 1 day\n\nIn the first day since the Reddit […]

Reddit/WALLSTREETBETS triggers run on silver, investors buy 28.3% of last year’s ETF total in 1 day

Description video:
Reddit/WALLSTREETBETS triggers run on silver, investors buy 28.3% of last year’s ETF total in 1 day\n\nIn the first day since the Reddit WALLSTREETBETS group started targeting the short position in the silver market, the amount of metal added to SLV was 14.7% of the entire investment supply from last year!\n\nIt’s a stunning development, as at that rate, these investors would take the entire amount of silver that went to investment last year, in just 7 trading days!\n\nTo find out more, click to watch this important video now!\n\n-\n\nTo watch or the Silver Manipulation “Smoking Gun” video that lays out some of the more blatant evidence of the silver manipulation saga go to:\nhttps://www.youtube.com/watch?v=qyuLXQK944A\n\n\n\n-\n\nClick here to win this month’s #ArcadiaEconomics #silver giveaway – a 10 ounce Silver Bullet!\nhttps://arcadiaeconomics.com/silver-giveaway/\n\n-\n\nTo take advantage of the no cash out of pocket #gold-to-silver swap, and trade your gold into silver without paying extra fees, contact Miles Franklin now at:\[email protected]\n\n-\n\nTo buy or sell gold, #silver, #platinum, or #palladium through our #preciousmetals sponsor #MilesFranklin, who’s offered to match or beat any price in the country, email:\[email protected] Or call: 833-326-GOLD (4653)\n\n-\n\nTo get your copy of The Big Silver Short go to:\nhttps://www.amazon.com/gp/product/B08BFL34T9/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 \n\n-\n\nTo get your audiobook copy of #TheBigSilverShort go to:\nhttps://arcadiaeconomics.com/thebigsilvershortaudio/\n\n-\n\nTo support the petition to ban #JPMorgan from trading in the #gold and silver #markets go to:\nhttps://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver\n\n-\n\nClick here to subscribe to Arcadia’s Youtube channel:\nhttp://bit.ly/2t1HKOj\n\n-\n\nTo support the show go to:\nhttps://arcadiaeconomics.com/supporttheshow/\n\n-\n\nFollow Arcadia Economics on Twitter: \nhttps://twitter.com/ArcadiaEconomic\n\n-\n\nTo contact Arcadia go to: \nhttps://arcadiaeconomics.com/contact/\n\n-\n\nFor Arcadia’s precious metals trading and option consulting email:\[email protected]

Reddit score doubles to $ 6 billion after $ 250 million in new funding

Reddit Inc, which has been at the center of the recent social media hype among retailers in the stock market, said Monday it raised more than $ 250 million in a new round of funding, doubling its valuation to $ 6 billion..

The social media company was previously valued at $ 3 billion after a funding round in February 2019.

«We decided now was the right opportunity for strategic investments in Reddit, including videos, ads, consumer products, and international expansion.», – the company says.

Reddit score doubles to $ 6 billion after $ 250 million in new funding

Chief Executive Officer of Reddit Steve Huffman told the Wall Street Journal it was a good market to raise funds.

«Now very high marks. It never hurts to raise money when you have the opportunity to do so and Reddit has had a good year.», – Huffman emphasized.

Reddit, which has more than 50 million daily active users, posted on its blog that ad revenues grew 90% in the last quarter from a year earlier..

Video game retailer GameStop Corp and other companies, including cinema operator AMC Entertainment Holdings Inc, have seen their shares fluctuate sharply in the past two weeks as amateur investors on forums such as Reddit&# 39; s WallStreetBets, have acted in concert to raise the price of their shares, which some US hedge funds have bet against.

This activity attracted the attention of regulators, although the US Treasury Secretary Janet Yellen said on Sunday it is too early to say if new rules are needed to tackle volatility.