Pankaj19. Reddit
Headquarters: San Francisco, California
Bought By: Tencent
Headquarters: Nanshan District, Shenzhen
Reddit first popped up online 15 years ago, growing to become a place where users can find information on niche subjects, or simply find a sense of community. Billed as a social media news site, the platform was created by Steve Huffman, Aaron Swartz, and Alexis Ohanian.
At the start of 2019, Tencent invested $150 million into the site, but the details of the deal remain undisclosed. We don’t know exactly what percent the company got for their large cash injection, but the partnership helped Reddit’s value jump to $3 billion from a previous valuation of $1.8 billion.