Reddit plans to launch paid subreddits later this year, according to CEO Steve Huffman. The move aims to monetize user-generated content and is part of the company’s efforts to generate revenue after going public in 2024. While details are scarce, it’s unclear how paid subreddits will work. Some speculate that only Reddit Premium subscribers may have access. This development comes as Reddit continues to explore ways to leverage its vast user-generated content, including partnerships with OpenAI and Google. The introduction of paid subreddits marks a step towards the company’s goal of maximizing value from its existing content.
Source: https://www.engadget.com/social-media/reddit-ceo-says-paid-subreddits-are-coming-this-year-203823936.html