Reddit is spending $1 million to fund its users’ best ideas and competitions
by David Pierce from The Verge - All Posts on (#5YJRK)
Illustration by Alex Castro / The Verge Reddit is expanding its Community Funds program, the company announced this week, and it plans to spend $1 million funding various projects across the platform. We will invite communities to submit ideas for projects, events, contests, giving, almost anything you can think of to bring people together for inspiration and delight," the company said in its announcement. Projects can ask for between $1,000 and $50,000, and Reddit will start issuing grants in June.
In a way, this is Reddit's version of the creator funds that Facebook, Snapchat, TikTok, YouTube, Spotify, and, well, pretty much everybody has been offering to people using their platforms. And, in that sense, Reddit's commitment here is pretty small: Facebook pledged to spend...