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Reddit CEO Suggests Some Subreddits Could Be Paywalled
Social network Reddit could monetize by tucking some subreddits behind paywalls, Reddit CEO Steve Huffman suggested during the company's Tuesday...
Apollo developer Christian Selig said that he would need to pay $20 million per year in fees to keep the app up and running, which was not feasible, and Reddit was not willing to work with him or provide a reasonable timeline to make changes. Reddit began charging for API access ahead of when it became a public company in March 2024, and it continues to seek new ways to monetize content from its user base. iPhone and Apple Watch users in California will soon be able to add their digital ID and driver's license to the Wallet app, based on the discovery of landing pages on the state government DMV website explaining the feature to consumers.
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