Daily Business BriefingAug. 12, 2021Updated Aug. 12, 2021, 11:13 a.m. ETAug. 12, 2021, 11:13 a.m. ET Steve Huffman, a co-founder and the chief executive of Reddit.Credit…Jason Henry for The New York TimesReddit, the virtual town square of the consumer internet, has raised a fresh $410 million in funding, valuing it at more than $10 billion, the company said on Thursday.The financing, which was led by Fidelity Investments, increases Reddit’s valuation from the $6 billion it achieved six months ago, when it raised $250 million. Reddit said it expected existing investors to participate in the latest financing as well, so the round is likely to grow …
