Care to elaborate on how a savvy business person would extract a profit? Unobtrusive ads obviously don't make enough money. Obnoxious ads are going to push users away / to use AdBlock. Sneaky manipulation of rankings will get out eventually, and when it does, is also likely to lose users.
> I think that the whole website is pretty bad. It's old and crummy, easily one of the worst designed popular sites on the internet.
Really? I find it quite functional.
> Open a new one as a subscription service
Yeah, a reddit paywall is going to go over real well. (And if the free version doesn't compromise basic functionality, good luck convincing anybody to pay for frills)
Reddit is already addictive. I'm sure they could take a bit of inspiration from the variety of addictive "free to pay" games and work in microtransactions and perks.
Nothing is stopping anyone from returning to their old communities. The whole thing hinges on the new website actually being good, fast, and better.
EDIT: I noticed that the article kindly compares reddit to Wikipedia, which Wikia is basically the for-profit sister of, in fact originally created by hosting content that was removed from Wikipedia and putting Google Ads on it. Both Reddit and Wikia have the problem of generating revenue from the people who create the content that the revenue is generated by, many of whom are children.
Reddit is thriving on community and gigantic network effects. If I were them, I would essentially do what their new CEO is currently doing: ask the community what they think would work (he's doing regular AMAs and I expect monetization will come up frequently). That's probably why I'm not too worried about it currently.
Also I believe, Reddit has the userbase it does not for its design but for its the community.
Successful subscription models have been employed in the past. A lightweight paywall intended for a large user base covers operational costs, weeds out users who are just there to spam or troll, and reduces policing. It also cuts down or legitimises multiple accounts handled by the same user.
Popular reddit accounts sell on ebay so it isn't like nobody out there has money. Go ahead and downvote me. I feel the same way about it as I do when I try to explain the failings of Bitcoin. There are people passionate out there about whatever.
I think that the whole website is pretty bad. It's old and crummy, easily one of the worst designed popular sites on the internet. Open a new one as a subscription service, leave the old one open for free as it is right now.
I mean that wouldn't exactly be challenging and the whole site needs to be revamped anyway.