Reddit, one of the world’s largest social media platforms, increased $ 300 million more than its predecessor. According to a statement Monday, the platform increased by $ 300 million to $ 3 billion. The site was worth $ 1.8 billion in 2017.

The platform, which is one of the largest social media in the world, was criticized for its looser arrangements in the past, which raised controversial issues such as hate speech and virtual piracy. However, in order to have a better advertising model, the platform began to m clean 4 in recent years and attracted the attention of advertisers.

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Reddit is a platform for the number of active monthly subscribers with a total of 330 million, almost equal to Twitter. But it has not yet been so effective in making money. According to CNBC, the company’s annual earnings are around $ 100 million.

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Reddit Raises Value to $ 3 Billion

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Reddit Raises Value to $ 3 Billion