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Elon Musk's Twitter moves were 'reaffirming' says Reddit boss amid API changes
(www.theregister.com)
this post was submitted on 19 Jun 2023
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Technology
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Did you not hear that Steve Huffman let slip during an interview that the API cost them about 10 million? And that he demanded 20million from the Apollo app alone? He wanted 3rd party apps gone.
I didn't hear that. I knew it was bad but seeing the numbers are even worse. He's such an idiot.
I didn’t hear that, but I’m not surprised it’s also about control. When you offer a paid API you’re capping potential revenues for those users at essentially a flat rate.
I suspect that their revenue generation plans likely would see more than 10M/yr return so they threw out some big number to kill everything, force a portion of those users to their own services where they’re planning on ramping up monetization