Alexis Ohanian, co-founder of Reddit, speaks during the opening day of Web Summit 2018, the global technology conference hosted annually in Lisbon, Portugal on November 6, 2018. Seb Daly/Web Summit via Getty Images
As one of the most popular social media sites on the internet, Reddit is visited by more than 330 million monthly active users around the world. But by the looks of its latest financing round, Reddit has yet to make a profit.