News Summary

Toronto-based Wattpad is entering a new phase focused on fan communities and free user-generated content. The storytelling platform aims to improve discovery, enhance community features, and invest more in free content. Wattpad President Aron Levitz emphasized the platform’s return to its roots, highlighting its role in popularizing trends like billionaire romances and romantasy. Future plans include better search and recommendations, improved ad and subscription experiences, and new ways for fans and writers to connect. Despite recent challenges, including layoffs and security-related user dips, Wattpad is committed to expanding its popular stories into TV shows and movies through its parent company, South Korea’s Naver.