- Reddit plans to present Paywalls to the exclusive content this year.
- The company discussed the creation of paid subreddits and the e -commerce system during the Ama Q4 profits.
- CEO Steve Hoffman said that restricted forums are still “continuous work.”
Steve Hoffman, CEO of Reddit, says Paywalls is coming to the famous forum discussion platform this year.
Redit hosted Ama This week, the user’s questions about the fourth quarter profits.
A Reddit Huffman user asked whether the company has made any progress in creating paid subreddits or “the content that paid members can only see.”
“It is a continuous work now,” Hoffman said. “So one comes. We are working on it and we are talking.”
One of the second users asked Huffman whether Reddit intends to provide paid subreddits or “market system” in 2025.
Hoffman said: “The sub -wage is a sub -wage, yes,” Hoffman said. “The market, perhaps not, although we will lay the foundation for that.”
Hoffman He mentioned for the first time the paid subtitle idea During the second -quarter profit call in August, he said that the company is studying forums with “exclusive content or special areas.”
During Ama, another user of Huffman asked if Reddit will add features to more e -commerce, such as allowing users to pay on the site instead of applying the third party like PayPal. Hoffman said that Redait was thinking about these types of long -term features, but he was currently focusing on other priorities.
Reddit shares fell by 15 % on Thursday after the company announced its profits in the fourth quarter, which showed the growth of the user without analysts’ expectations.
Over the past year, Reddit generally acquired Google in the Internet search market. Reddit also concluded a deal with Google and Openai in February to train their artificial intelligence models using Reddit comments.
Hoffman has repeatedly said that more people are looking for Google with the term “Reddit” in the research.
However, in the profit call in the fourth quarter, Hoffman told investors that the company witnessed “fluctuation” in the last quarter of the research algorithm.
In Ama, one of the Reddit Huffman users asked how Reddit prevents the “Google Traffic”.
Hoffman described Redait relationship with Google “Long, Deep and Symbiotic.” He said that Reddit gets a “lot” traffic from Google and that the company “can pass traffic” but it does not depend on Google for traffic. “
He added: “Reddit stands alone as an independent platform with a direct majority traffic.” “Thus he grown.”
In the profit call, Hoffman said that the fluctuations in the fourth quarter did not care about it and did not affect the revenues.
