Technology

59495 readers

3081 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

1288

Some subreddits could be paywalled, hints Reddit CEO (9to5mac.com)

submitted 3 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

448 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] WatDabney@sopuli.xyz 82 points 3 months ago (3 children)

Altruistic? ALTRUISTIC?!

Just who in the fuck does he think he is?!

The only altruists on Reddit are the users who freely provided the content that this fucking parasite feeds off of.

I'm so glad I left that awful shithole of a site.

[–] BradleyUffner@lemmy.world 10 points 3 months ago

And the moderators

[–] g0nz0li0@lemmy.world 6 points 3 months ago

This got under my skin too.

That parasite constantly refers to user content and comments and as being the property or Reddit, and his schemes to generate profit off the back of that asset are almost always to the detriment of the user base who are keeping him in business.

Like all rich assholes, he's got this expectation that everyone will deeply respect and admire his mission to enrich himself by exploiting whatever market he has access to.

[–] ShepherdPie@midwest.social 1 points 3 months ago

Yeah that word choice is quite a bold strategy after all the bullshit they've put their revenue generators (the users and mods) through over the last couple years.