Reddit CEO Steve Huffman confirmed that paid subreddits are coming later this year, aiming to boost revenue for the platform. Huffman explained that users would need to pay for access to specific content within designated subreddits. While details about pricing and implementation remain undisclosed, this move signifies Reddit's strategy to monetize its content and cater to creators seeking additional income.
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.
REDDIT SUBREDDITS PAYWALL REVENUE FEATURES
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