Reddit's open, community-first nature has allowed it to see exponential growth over the years, to be specific with 54% year-over-year growth in Q2 2024. However, Reddit's recent Q2 2024 earnings call has me worried, big time . From the looks of it, Reddit is probably working on introducing "exclusive" content to the platform, which may be locked behind a paywall.
Reddit will make you pay.
Reddit CEO Steve Huffman, during the earnings call, talked about how every time Reddit has explored new avenues, it's only expanded further and that they "haven't seen it cannibalize existing Reddit."
He gives the example of Reddit allowing users to host images, which was not the case before the 2016 era. And yes, I agree that it was a solid way to modernize the platform. But what worried me was when Huffman said,
"we're going to unlock the door for new use cases, new types of subreddits that can be built that can have exclusive content or private areas, things of that nature."
