Reddit has always been about the open sharing of information and content. However, new policies will cause some offensive content to be blocked.

If users do not wish to see racist or hateful comments, they will not have to do anything. However, if they do want to read these types of comments and they will have to "opt-in." 

Chief Executive Officer Steve Huffman announced on Wednesday the plan on Reddit. It has been discussed since last month and it brings the idea of "quarantining" content that is deemed as offensive or questionable.

"We will quarantine communities whose content would be considered extremely offensive to the average Redditor," he said, adding that those communities will generate no revenue for the site. 

Reddit is also banning hateful communities that have existed on the forums. These communities "exist solely to annoy other Redditors, prevent us from improving Reddit, and generally make Reddit worse for everyone else," Huffman said. One of the groups banned was a white supremacist group.

Reddit is joining Facebook and Twitter in monitoring content posted by its users. Reddit still wants to be an open community but it wants everyone to have a positive experience and not be exposed to hateful content.

Reddit has been caught up in controversy in recent months regarding its policies. Reddit's open atmosphere has made it extremely popular, while also exposing the negative side of the Internet. In the past few months, several high-standing employees have left the company and Huffman is its third CEO since November.

Reddit has been around since 2005 and has traditionally had an "anything goes" policy. However, this has led to hate groups and posts. 

Even with the recent controversy, Reddit is doing quite well financially. The company just raised $50 million in venture capital funding, CNET reports.