(AllHipHop News) Rap icon Snoop Dogg is now an investor in the website Reddit. The company raised $50 million in outside funding, and Uncle Snoop was one of the contributors along with actor Jared Leto and PayPal co-founder Peter Thiel.
Reddit explained how the new capital will be used in a blog post:
We’re planning to use this money to hire more staff for product development, expand our community management team, build out better moderation and community tools, work more closely with third party developers to expand our mobile offerings (try our new AMA app), improve our self-serve ad product, build out reddit gifts marketplace, pay for our growing technical infrastructure, and all the many other things it takes to support a huge and growing global internet community.
The site is perhaps best well-known for its “Ask Me Anything (AMA)” sessions where celebrities interact directly with users in an online Q&A. Numerous Hip Hop stars have participated in a Reddit AMA. Method Man, Schoolboy Q, and Chance The Rapper are just a few of the rappers featured in the interview series over the last several years.