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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[–] SonOfMothman@lemmy.world 40 points 1 month ago* (last edited 1 month ago) (5 children)

Saw this on Reddit 20minutes ago. Saw someone post about lemmy… now I’m here lol

[–] Bonifratz@lemm.ee 3 points 1 month ago

Welcome to the Fediverse! I've been here since the 3rd party app shutdown and haven't used Reddit ever since. Niche communities are still lacking here, but it gets better as more people join. Also Lemmy servers and apps have gotten more stable over the past year. So I hope you'll enjoy it here!

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