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Some subreddits could be paywalled, hints Reddit CEO (9to5mac.com)

submitted 2 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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Reddit CEO Steve Huffman has hinted that in future some subreddits could be paywalled, as the company seeks to devise new sources of income.

He suggested that the company might experiment with paywalled subreddits as it looks to monetize new features. “I think the existing, altruistic, free version of Reddit will continue to exist and grow and thrive just the way it has,” Huffman said. “But now we will unlock the door for new use cases, new types of subreddits that can be built that may have exclusive content or private areas, things of that nature.”

This is another move likely to anger Redditors. While the platform is a commercial enterprise, its value derives almost entirely from freely offered user content. That means Redditors feel at least some sense of ownership in a community endeavour, so the company needs to tread carefully when it comes to monetization at user expense.

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[–] IchNichtenLichten@lemmy.world 107 points 2 months ago (1 children)

Now the IPO is done Reddit has to continually feed the investors at the expense of the quality of the thing that's supposed to make money to feed the investors.

This is gonna be fun.

[–] RobertoOberto@sh.itjust.works 21 points 2 months ago

They don't care as long as they can get in, make a few bucks, and get out. Long-term stability isn't the priority anymore, just quick profits.