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Reddit raises $50 million in funding and shares it with some of its users

By Alfie Joshua1 min readGoogle News

The so-called “front page of the Internet” has just secured around $50 million in its latest funding round. That’s all well and good, but the most interesting part is that the investors in this particular round look set to give 10 percent of their shares to the Reddit community, a neat gesture when you consider that without those users there’d be no Reddit.

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