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The Latest Breaking News from Steve Huffman

Reddit CEO outlines plan to roll out paid subreddits later this year

Reddit's CEO announced plans to roll out paid subreddits later this year, though exact details remain unclear.

Tom’s Guide

Reddit CEO Announces Paid Subreddits Are Coming Soon And Be So For Real RN

Reddit CEO Steve Huffman has announced that the site will soon introduce paid subreddits and content in 2025.

Pedestrian.tv

TechScape: X reaches its final form: Elon Musk has bent it to his will

The evolution of Musk’s X network is complete; why Reddit is profitable; and niche Halloween costumes

The Guardian - US

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Sam Altman’s decade-old investment in Reddit is now worth over a billion dollars

Altman has known the Reddit founders since they were in the first class at Y Combinator, the famed startup accelerator he would go on to lead.

Fortune

Reddit shares soar after company turns first profit as a public company

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue

The Guardian - US

Reddit's explosive user growth and AI tools help it soar to its first-ever profit

For the first time in its nearly 20-year history, Reddit is turning a profit

The Independent UK

Reddit will use AI to summarize its insanely long threads and could transform the service

Reddit will roll out an AI summarization tool for threads.

TechRadar

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Reddit CEO says it's “a real pain in the ass to block these companies" from crawling the site, says Microsoft refuses to negotiate

Microsoft is reportedly refusing to pay for scrapping data from Reddit, or rather, it refuses to even talk to Reddit, so says its CEO in a new interview.

Windows Central

Reddit Gives OpenAI Access To Its Wealth Of Posts

OpenAI will have access to Reddit data for training its artificial intelligence models and will put its technology to work at the popular discussion platform, the companies said Thursday.

International Business Times

Social media company Reddit soars to $9bn valuation in Wall Street debut

San Francisco-based social media platform’s shares close at $50.44 in long-awaited initial public offering.

Al Jazeera

Reddit shares soar on first day of public trading

Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bn

The Guardian - US

Reddit stock starts trading 38% above initial public offering price

Reddit, the San Francisco social media site that describes itself as "the front page of the internet," is debuting as a public stock on Thursday.

WEKU

Reddit shares priced at $34 in largest IPO by social media company in years

Platform to make its debut on New York stock exchange on Thursday with a market value of $6.4bn

The Guardian - US

Reddit Aims To Raise $500 Mn In Stock Market Debut

Reddit plans to raise some $500 million with its initial public offering of shares , using the money to improve the platform and its money-making power, according to a regulatory filing on Monday.

International Business Times

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WEKU

Reddit's IPO will be the first time since 2019 that a social media company has premiered on the stock market.

The Guardian - US

How social media’s biggest user protest rocked Reddit

A mass user protest six months ago over technical tweaks had big downstream effects, and now the ‘front page of the internet’ is changed for ever

WEKU

Reddit says new accessibility tools for moderators are coming. Mods are skeptical

In response to the new changes, set to roll out starting Saturday, moderators expressed a lack of confidence that Reddit's promises to improve accessibility will be substantial in the long run.

iMore

Millions of Reddit users unleash their fury over controversial changes

Reddit users have been leaving one-star reviews in protest of the site's API rules, but is that enough to change Steve Huffman's mind?

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iMore

Reddit destroyed its most popular app, here's how you can have the last laugh

With Apollo about to shut its doors on July 1, its creator has come up with a great way to share your thanks.

Fortune

Silicon Valley is ditching freebies for airline-style upcharges and fees

If it feels like tech companies are suddenly asking you to pay for things that used to be free, you’re not imagining it.

The Guardian - UK

The Guardian view on the Reddit rebellion: a historic standoff

Editorial: An attempt to erect a paywall on the social media platform raises big questions about the ownership of data and the future of the web

Reason

Why Is So Much of Reddit Dark Right Now?

When your business relies on volunteer moderators and user-generated content, angry denizens can threaten the whole enterprise.

Businessweek

What the Reddit Revolt Means for Social Media in an AI Era

The blackout reflects the deep tensions threatening the internet economy.

The Guardian - UK

TechScape: After a brutal blackout, will Reddit ever be the same?

The social network is changing how it works with third parties – but some argue that a push for profit could bring a wave of misinformation

The Guardian - UK

There is no moral high ground for Reddit as it seeks to capitalise on user data

CEO Steve Huffman says tech giants should not be able to trawl Reddit’s huge store of data for free. But that information came from users, not the company

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