Social Media Newsfeed: Reddit Funding | LinkedIn Pulse
Reddit scores a $50 million funding round. LinkedIn leaning more heavily on Pulse. These stories, and more, in today's Morning Social Media Newsfeed.
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Reddit Closes $50 Million Round, Will Give 10 Percent Back to Users (SocialTimes)
Reddit announced a $50 million funding round on Tuesday, led by Sam Altman, president of Y Combinator. Other notable investors include Peter Thiel, Jared Leto, Snoop Dogg and Reddit CEO Yishan Wong. Re/code Altman said Reddit may dole out shares using a distributed accounting system, a la the bitcoin blockchain.
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