Reddit CEO Steve Huffman announced that the platform plans to roll out a feature allowing certain subreddits to be behind a paywall. This move aims to boost revenue for the popular social network and discussion platform. Details regarding pricing and implementation timelines were not disclosed.
A new feature is expected to roll out on Reddit later this year that could put some content behind a paywall. Reddit’s co-founder and CEO Steve Huffman spoke more on the idea of paid subreddits in a recent company Ask Me Anything .Here’s what to know:Reddit is a technology and social network company that was founded more than 20 years ago. It is a sought-after space for internet discussions of any topic within communities, also known as subreddits.
For comparison, Meta boasts an annual revenue of $135 billion. Meta had a market value of more than $1.2 trillion in 2024. Reddit’s market value was priced at $6.4 billion when it went public last March. RELATED: TikTok returns to Apple, Google app stores after temporary removalHuffman has talked about the idea of paid subreddits before, and mentioned that when asked about it again in a recent AMA alongside Chief Operating Officer Jen Wong and Chief Financial Officer Drew Volleror.
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