Reddit CEO proposes paywalled subreddits and AI-assisted search to boost revenue after a 50% user and revenue increase.

Reddit CEO Steve Huffman suggests exploring paywalled subreddits to generate additional revenue, while maintaining the free version. This follows a 50% year-over-year increase in users and revenue. The company aims to introduce AI-assisted search to enhance user experience and drive ad revenue. These changes come after Reddit's Q2 revenue reached $281.2 million, a 54% increase compared to the previous year.

August 07, 2024
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