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funding

Just after GameStop frenzy, Reddit raises over $250mn in funding

Just after GameStop frenzy, Reddit raises over $250mn in funding

  • “We have raised more than $250 million in Series E funding from existing and new investors. We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer products, and expanding into international markets,” the company announced in a blog post.
Published 09 Feb, 2021 12:16pm
UAE significantly slashed funding for Palestinian refugee agency in 2020
World

UAE significantly slashed funding for Palestinian refugee agency in 2020

  • The United Arab Emirates drastically reduced funding to the United Nations Agency for Palestinian Refugees (UNRWA) in 2020, as it signed a U.S-brokered normalisation accord with Israel.
  • The Gulf state contributed $51.8 million to the refugee agency in 2018 and 2019, but it reduced that contribution by an unprecedented margin in 2020, down to a mere $1 million.
Updated 08 Feb, 2021 10:25am