What, specifically, makes you think an independent media organization that reports on privacy, data breaches, corporate malfeasance, and the “dark” sides of the internet,would turn around and do that to the readers their jobs depend on? If you knew about any of the four reporters that founded 404 Media, or the incredibly high quality journalism they produce, this thought wouldn’t have even crossed your mind.
404 Media, as other commenters have said, are completely up front and transparent about why they require a login, and how much they dislike the fact that it’s necessary.