The Reddit wars have begun. Users were misled to believe they have power. And now are completely bewildered when they realize they don’t have as much power as they thought. The funny thing is that this is all over a stupid API that was causing more harm to Reddit than it was functioning as a public service. Apps were functioning as alternatives to the Reddit website and app. The whole thing about API back in 2000s is…
I think the current pricing of Reddit's API isn't meant to recoup costs of maintaining the API, it's meant to kill 3rd party apps so people switch to the official app, which shows ads. It's not so much the cost of maintaining the API than it is the cost of missed ad revenue.
They just seem to be doing things out of order. Another example: alienate long-time users and mods by making it abundantly clear that they're product and free labor really should have come after the IPO.