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.
That dude is really trying to kill his own platform, isn't he?
Taking lessons from Elon.
Maybe they need to charge users a monthly fee and add blue check marks. Lol
Wasn't Huffman singing Elon's praises after the Twitter purchase?
Huffman is a full on Musketeer.
How has this demonym only just now come to my attention?
It's fantastic, thank you.
See also: Trumpet - people who start singing the same tune as Trump for their own political gain.
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!
He pointed at Twitter’s “success” after Elon took it over as reasons why he is enshittifying Reddit. That comment is why I left Reddit and haven’t looked back.
And after the Twitter api pricing
So Reddit gold?
I don’t miss the often-regurgitated response of “Gee, thanks stranger” that Redditers would say after receiving gold. It would always annoy me.
Thank you kind stranger!
edit: Wow, didn't expect this to blow up!!!
Oh god, I think I just threw up in my mouth a little bit. Thanks stranger. 🤮
Just doing my part with the updoots!
Ooh, I wonder if he'll sue all the users that left Reddit to join Lemmy.