Wow. Front page of huffpost.com right now. Interesting...
this post was submitted on 17 Jun 2023
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Eh, so although, according to him, the third party apps cost Reddit 10 million per year, he still decided that 20 million a year from a single third party app developer is reasonable? I think he needs to learn some basic math...
I don't think they seriously expected any third party apps to agree to the costs. They just wanted a plausible excuse to funnel everyone into their own app for data collection and advertising revenue. That's my best guess anyway, another business decision for the IPO.