Post by vhsfan0101 on Jun 11, 2023 14:29:44 GMT 10
www.cnbc.com/2023/06/01/reddit-eyeing-ipo-charge-millions-in-fees-for-third-party-api-access.html
Starting July 1st, social media site Reddit will be planning on charging 3rd-party software developers who want to use its site's API $20 million dollars.
Reddit's announcement has gained negative reaction from its third-party developers (including the folks who makes its unofficial Reddit smartphone apps like Reddit Is Fun) and its users. The developers for the site's Apollo, Sync and Reddit Is Fun all announced two days ago that they will shut down their unofficial Reddit smartphone apps on July 1st due to them being unable to pay the huge price tag I mentioned. As for Reddit's users, I have read most of them online saying that they would stop using Reddit on July 1st if Reddit was to go ahead with its plan to charge its third-party developers $20 million dollars if they would like to use its site's API.
To protest Reddit's decision to charge third-party developers 20 million dollars to use its site's API, moderators of a huge number of subreddits announced that their subreddits will be going dark for one day on June 12th.
With this news being reported, things do not look good for Reddit. Speaking as someone who is a huge fan of Reddit and uses Reddit a lot, I would be very sad if Reddit was to go out of business as a result of them going ahead with their plan to charge 3rd-party developers $20 million dollars to use its site's API and the majority of its site's users stop going on the site because of it. I came to Reddit from Facebook. The reason why I stopped using Facebook and switched to Reddit is because Facebook is a drama-filled place. Unlike Facebook, Reddit is a peaceful place. I love everything about Reddit.
Starting July 1st, social media site Reddit will be planning on charging 3rd-party software developers who want to use its site's API $20 million dollars.
Reddit's announcement has gained negative reaction from its third-party developers (including the folks who makes its unofficial Reddit smartphone apps like Reddit Is Fun) and its users. The developers for the site's Apollo, Sync and Reddit Is Fun all announced two days ago that they will shut down their unofficial Reddit smartphone apps on July 1st due to them being unable to pay the huge price tag I mentioned. As for Reddit's users, I have read most of them online saying that they would stop using Reddit on July 1st if Reddit was to go ahead with its plan to charge its third-party developers $20 million dollars if they would like to use its site's API.
To protest Reddit's decision to charge third-party developers 20 million dollars to use its site's API, moderators of a huge number of subreddits announced that their subreddits will be going dark for one day on June 12th.
With this news being reported, things do not look good for Reddit. Speaking as someone who is a huge fan of Reddit and uses Reddit a lot, I would be very sad if Reddit was to go out of business as a result of them going ahead with their plan to charge 3rd-party developers $20 million dollars to use its site's API and the majority of its site's users stop going on the site because of it. I came to Reddit from Facebook. The reason why I stopped using Facebook and switched to Reddit is because Facebook is a drama-filled place. Unlike Facebook, Reddit is a peaceful place. I love everything about Reddit.
