What are people’s thoughts on how Reddit is coming out of this so far? How bad have things been for Reddit? Do we know how much their traffic has dropped and would a drip in traffic even hurry them that much. Why don’t we see talk of a new blackout at the end of the month?
I’m also struck by the incongruity that reddit makes something like 12c/user/month but their fair-actual-cost of the API calls needed to service that user are in the $2-3 range.
I suspect that’s a lie and that the API prices are profiteering, but that isn’t exactly inspiring me to invest in them :D
The API prices are exorbitant on purpose; they never expected third party app developers to pay for them, it’s just an attempt to prevent the same backslash as Twitter had for outright forbidding them. (It backfired, badly.)
The prices would probably go down over time, as they want to milk Google, Amazon, Microsoft, etc. using the API to retrieve data to train their large language models with.