this post was submitted on 07 Aug 2024
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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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[–] AbidanYre@lemmy.world 328 points 3 months ago (55 children)

That dude is really trying to kill his own platform, isn't he?

[–] Erasmus@lemmy.world 190 points 3 months ago (12 children)

Taking lessons from Elon.

Maybe they need to charge users a monthly fee and add blue check marks. Lol

[–] Sludgehammer@lemmy.world 64 points 3 months ago (5 children)

Taking lessons from Elon.

Wasn't Huffman singing Elon's praises after the Twitter purchase?

[–] Thrife@feddit.org 26 points 3 months ago

I remember that too, but am not that sure..

Oh yeah, he did! https://www.nbcnews.com/tech/tech-news/reddit-blackout-protest-private-ceo-elon-musk-huffman-rcna89700

Doing right as his role model!

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