Will Tencent’s Massive Investment Help $3 Billion Reddit Take Down Facebook & Google’s Ad Duopoly?

American social news aggregation site Reddit has raised $ 300 million in a Series D funding round at a market valuation of $ 3 billion. The capital injection was led by Chinese multinational conglomerate Tencent Holdings who invested $ 150 million into the social site. So far, Reddit has raised $ 550 million in total from a myriad of investors including Sequoia, Fidelity, and Andreessen Horowitz. Are Reddit and Tencent Strange Bedfellows? The deal has led to an outrage online as Redditors are protesting the odd pairing of the Chinese juggernaut who is known for censoring topics the government wants and the free-speech forum,

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No US Recession for at Least 5 Years: OppenheimerFunds Investment Boss

There’s no fear of an economic recession within the next five years, so everyone anxious about bearish projections should calm down. That’s the advice of Krishna Memani, the chief investment officer at OppenheimerFunds. Memani says the US economy is slowing down a bit, but it will still increase north of 2%. Moreover, Memani says that fears

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