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reddit

Reddit ‘Not a Free-Speech Platform’, Says CEO

Confirming the worst fears of users, Reddit CEO Ellen Pao has told NPR that she does not want the site to be a “completely free-speech platform”. Her comments followed last week’s introduction of new ‘anti-harassment’ policies on the link-sharing site that

AFP

Snapchat Goes for a $500 Million Slurp at the V.C. Trough

Although the ink is barely dry on the $485.6 million venture capital funding for Snapchat that valued the company at about $10 billion, Bloomberg reports that Snapchat is looking to raise another $500 million at a valuation of up to $19 billion. That would make the messaging platform the third-most-valuable venture startup on the planet, just behind Xiaomi and Uber. It also would value the company at 92.5% of what was considered a jaw-dropping value of $22 billion paid by Facebook to buy WhatsApp.