Jay-Z and Will Smith are putting their money where your camera is — and are backing a new video-sharing application Viddy. Viddy is to video what Instagram is to photos and there are already 10 million registered users with 300,000 new members joining daily.
Brett O’Brian, the app’s founder, says Jay, Will, Shakira and Twitter founder Biz Stone have bought undisclosed shares in the company and will use their influence to expand its reach.

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