If you’re an active Reddit user, you may just get a little “money” from the company by this time next year.
After raising $50 million in funding in September, Reddit’s then-CEO Yishan Wong announced that investors were willing to “give 10% of their shares back to the community.” Reddit has since changed CEOs, but on Friday, the company said it would move forward with its plan to give a stake back to users.
See also: Aliens in the valley: The complete and chaotic history of Reddit
Reddit will dole out “Reddit Notes” via a lottery to those users who were active on the site prior to the funding announcement in September, it said. The company will only be giving out 950,000 of the notes — far fewer than the 175 million monthly active users it had at last count Read more…
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