this post was submitted on 07 Aug 2024
1282 points (98.3% liked)

Technology

59414 readers
4014 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] tiramichu@lemm.ee 158 points 3 months ago* (last edited 3 months ago) (17 children)

“I think the existing, altruistic, free version of Reddit will continue to exist and grow and thrive just the way it has,” Huffman said.

There's nothing 'altruistic' about reddit

[–] AutomaticUpdates@monero.town 9 points 3 months ago (3 children)

The altruistic, free version of Reddit is Lemmy.

[–] Telorand@reddthat.com 3 points 3 months ago (2 children)

Free*

*Except for very real server costs.

[–] AutomaticUpdates@monero.town 6 points 3 months ago (1 children)

Free*

*as in Freedom, but you're absolutely right

[–] Telorand@reddthat.com 2 points 3 months ago

Not saying you meant it that way, but people often forget that the Fediverse costs money to run; unlike companies like Reddit, though, the admins are usually not trying to also turn a profit at the same time.

load more comments (13 replies)