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The company confirmed with TechCrunch that it has raised $410 million thus far, with plans to raise up to $700 million, putting Reddit at a $10 billion valuation.
r/place. r/place is a recurring collaborative project and social experiment hosted on the content aggregator site Reddit. Originally launched on April Fools' Day 2017, it has since been repeated again on April Fools' Day 2022 and on July 20, 2023. The 2017 experiment involved an online canvas located at a subreddit called r/place.