Reddit's API Fees Threaten Third-Party Apps' Existence.
TL;DR Summary
Reddit is asking developers to pay $12,000 for every 50 million requests to access its data and content, a move that could help diversify its revenue streams ahead of its planned IPO. The company has a thriving ecosystem of third-party apps, plugins, and services created by amateur and professional developers. While many companies charge for API use, Reddit has historically derived the bulk of its income from advertising. With the digital ad market facing a slowdown, the company may be facing pressure to bolster its revenue.
- Reddit will charge hefty fees to the many third-party apps that access its data CNBC
- Reddit Is Killing The Best Way To Read The Site Kotaku
- New Reddit API Pricing Strategy Could Mean Big Trouble for Popular Third-Party Apps IGN
- Reddit’s API pricing results in shocking $20 million-a-year bill for Apollo Ars Technica
- Reddit may force Apollo and third-party clients to shut down, asking for $20M per year API fee 9to5Mac
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