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BotDefense is leaving Reddit
(arstechnica.com)
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this post was submitted on 08 Jul 2023
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Ahh, but it’s a bit more subtle than that.
The API pricing was a tool to kill the apps, because Reddit is not able to milk ad money from those users. Now that most of the 3rd party apps are dead and most subs are open, users have no choice but to be exposed to adds. That’s where the real money is.
Yeah, but Reddit makes pennies per user from showing them ads, so they're still losing money.
Rather than laughing all the way to the bank, it's more of a forced chuckle on the way to the dole office.
They do have a choice though. They can just not use Reddit at all, and/or come here.