Technology
CEO of Reddit confirms that Paywall will enter into force in 2025
The paid change of content is one of some ways in which Reddit tries to extend profits.
The CEO of Reddit said that Paywall in his plans for 2025.
Social network leader, Steve Huffman, shared news during recent questions and video answers about last 12 months’s earnings from the quarter. Calling the paid content “work in progress”, he confirmed that he was in the schedule of his 12 months.
According to Huffman, he also found Paywall as “new, key functions” This Will rOll.
Huffman previously mentioned the inclusion of Paywall in the platform for a earning connection in Q2 last 12 months. He assured Redditers’ concern that this paid content would not affect popular Subreddits. However, they will come into force for the newly created.
“I think that the existing altruistic, free Reddit version will continue to exist, grew and developed as it has,” he said. “But now we will unlock the door to new cases of use, new types of subreddits that can be built that can have exclusive content or private areas – things of this kind.”
Reddit, which supports the community network through the hosting of content threads, has also discussed latest monetization paths. Considering unofficial markets already popular on the platform, the corporate discussed ways of taking transactions directly on its website.
However, Huffman still thinks that they’re “small ways” from making direct transactions. Reddit also launched a premium subscription, which eliminates promoting, while scrolling its boards created by users.
Transfer to win more profits will happen after Reddit made public in 2023. Having more eyes on its profitability, Reddit examined latest ways of being profitable on its users. However, it fought for this by keeping the brand’s ethos. Most of its content was free because the premiere in 2005.
In addition, lighter users have already resisted these changes focused on money. After starting the API fees in 2023, some protested when popular subreddits turn into dark. However, Reddit maintained the fees, claiming that the traffic was financially crucial despite the slack.
Another way Reddit tried to extend profits is to offer data from Wall Street research firms. This approach of “social listening” led to the supposedly $ 60 million dollars of the Data Licensing Agreement from Google in 2024.
Although Huffman has not confirmed exactly when it’s paid live, this movement could cause latest resistance from users, because the corporate makes these profitable changes financially.