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Reddit Reddit AMAs Sam Altman

Giving back Reddit shares

1 Oct, 2014

Altman announces in an AMA that he and other investors in the latest round are giving part of their shares to users of the site:

We’re working on a way to give 10% of our shares from this round to the reddit community. I hope we can increase community ownership over time–I’ve always thought communities like reddit should mostly own themselves, and that it’s time for some innovation around corporate structure here. I’m giving the company a voting proxy on my shares.