Reddit Is Raising $1 Million

Hyper-popular online misogyny aggregator Reddit is looking to raise money from outside investors for the first time. All Things Digital reports they're looking for around $1 million. Reddit has never been a profitable business, thanks to the raciness of much of its content and administrators' reluctance to monetize the site in a way that might upset their fickle user base. According to BetaBeat, Reddit CEO Yishan Wong is making sure to find so-called "angel" investors, who wouldn't need to have any influence on the workings of the site. Which is too bad, because I would personally pay $1 million for a stake in Reddit if they let me eliminate all of the site's rage comics section from the internet, forever.