Reddit — Policy Change

Reddit raised $300 million at a $3 billion valuation, with Chinese tech giant Tencent investing $150 million. The investment sparked major user backlash over privacy and censorship concerns, given Tencent's role as an architect of China's internet surveillance and censorship infrastructure. Users flooded Reddit with content banned in China as protest. Privacy advocates raised concerns about Tencent's data collection practices and the potential for user data to reach the Chinese government.