Today over 7,000 subreddits have gone private in protest of the new controversial pricing of Reddit's API. Learn how big tech companies leverage their platforms in ways that can ruin 3rd party apps. 

#tech #reddit #thecodereport 

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🔗 Resources

Apollo Reddit API Controversy https://www.reddit.com/r/apolloapp/comments/13ws4w3/had_a_call_with_reddit_to_discuss_pricing_bad/
The Art of the Side Hustle https://youtu.be/A4_TFHzqAAg
What is an API https://youtu.be/-MTSQjw5DrM

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🔖 Topics Covered

- Reddit API controversy explained quickly
- Why are people protesting reddit?
- Big tech platform risk to software developers
- Why did Reddit go dark?
- Which VCs and investors are behind reddit?
2024-02-04T05:04:29.829Z
nova-2
2-general-nova
2024-01-09.29447
30089e05-99d1-4376-b32e-c263170674af
04b4e526-5f1f-448c-83cd-73761f58e9fa
8452fda698754ec0c3a2536c6661bb5d95bea345483d9997048a7909b2da4643
67875a7f-c9c4-48a0-aa55-5bdb8a91c34a
deprecated
It is June 12, 2023, and you are watching the code report.
If you try to go on to the subreddit to look at adorable pictures of puppies and bunnies, bunnies, you'll notice that that subreddit has gone private, forcing 34,000,000 people to confront the harsh reality of our existence.
As of today, nearly 7,000 different subreddits have gone private, and that means tens of millions of users won't be able to generate ad revenue for Reddit Inc.
And that's not good for a company that desperately wants to go public before it becomes obsolete.
Reddit has an incredible business model where people willingly create content for free that it can then monetize with advertisements, but it recently pissed off a lot of its mods and power users by backing up the price of its API.
Back in April, they announced that API pricing was changing from totally free to 24¢ per 1,000 buzzin API calls going into effect on July 1st.
That's pretty steep because serving a 1,000 get requests should cost them a fraction of a penny.
Now, I understand Reddit has to put food on its family, but they're not doing this to make money.
They make their money from advertisements, and it's a problem when you have apps like Apollo that provide a much better user experience than the Reddit app, and the best way to get rid of third party apps is to simply cut off the water supply, or in this case, make the water supply extremely expensive.
The Apollo boap make 7,000,000,000 requests per month, which means the API would cost them $20,000,000 per year.
And they ain't got that kind of money, bro, which means they're officially going out business June 30th.
They learned this trick from Elon Musk, who recently jacked up the price of the Twitter API, which used to be an awesome free API as well, a change that killed off a bunch of third party apps.
But a platform killing off third party businesses is nothing new.
Apple can boot you from the App Store anytime it wants.
Google can update its search algorithm, so nobody ever finds your website.
Instagram can turn you into a famous influencer, then erase you the moment you post something that doesn't align with the regime.
YouTube has complete control over my and could easily end everything I've worked for with the click of a button.
The bottom line is that when you build a software product, any third party APIs or platforms that you rely on have you by the balls.
Balls.
Reddit knows this, and they're starting to twist hard to get rid of apps like Apollo, Reddit is Fun, Sync, and Red Planet, which in my opinion seems like a move to eliminate competition on mobile.
However, the Reddit CEO blames large language models like ChatGPT for using Reddit extensively as training data, but I have a hard time buying that because Reddit is tied to most of these AI companies through the same VCs via people like Sam Altman, Marc Andreessen, and Peter Thiel.
Coincidentally, they all became investors in 2014, when you're after the butt of Baron Swartz, a dude who once said information is power, but like all power, there are those who want to keep it for themselves.
What's crazy about a website like Reddit is that you have millions of people providing high quality content and moderating it entirely for free.
People do that because the content in many cases is more valuable than money.
Like Today, I was trying to visit a subreddit for a highly specialized medical condition that I have, but it looks like Reddit is currently also under a DDoS attack right now, which means I might need to go see a real doctor.
All it has to do is not things up and provide a minimal platform that keeps the gravy train running.
What you really don't want is the users of Reddit to find out that the content they create on the Internet actually has value because because then they might want to take that content to their own platforms where it would be far more difficult for vulture capitalists to feast upon.
Now to finish things up, I to apologize for the lack of memes in this video.
Unfortunately, programming humor on Reddit has joined the protest, and that means I won't be able to steal any memes from them for the next 48 hours.
This has been the CodeReport.
Thanks for watching, and I will see you in the next one.

Speaker 0: It is June 12, 2023, and you are watching the code report. If you try to go on to the subreddit to look at adorable pictures of puppies and bunnies, bunnies, you'll notice that that subreddit has gone private, forcing 34,000,000 people to confront the harsh reality of our existence. As of today, nearly 7,000 different subreddits have gone private, and that means tens of millions of users won't be able to generate ad revenue for Reddit Inc. And that's not good for a company that desperately wants to go public before it becomes obsolete. Reddit has an incredible business model where people willingly create content for free that it can then monetize with advertisements, but it recently pissed off a lot of its mods and power users by backing up the price of its API.

Back in April, they announced that API pricing was changing from totally free to 24¢ per 1,000 buzzin API calls going into effect on July 1st. That's pretty steep because serving a 1,000 get requests should cost them a fraction of a penny. Now, I understand Reddit has to put food on its family, but they're not doing this to make money. They make their money from advertisements, and it's a problem when you have apps like Apollo that provide a much better user experience than the Reddit app, and the best way to get rid of third party apps is to simply cut off the water supply, or in this case, make the water supply extremely expensive. The Apollo boap make 7,000,000,000 requests per month, which means the API would cost them $20,000,000 per year.

And they ain't got that kind of money, bro, which means they're officially going out business June 30th. They learned this trick from Elon Musk, who recently jacked up the price of the Twitter API, which used to be an awesome free API as well, a change that killed off a bunch of third party apps. But a platform killing off third party businesses is nothing new. Apple can boot you from the App Store anytime it wants. Google can update its search algorithm, so nobody ever finds your website.

Instagram can turn you into a famous influencer, then erase you the moment you post something that doesn't align with the regime. YouTube has complete control over my and could easily end everything I've worked for with the click of a button. The bottom line is that when you build a software product, any third party APIs or platforms that you rely on have you by the balls. Balls. Reddit knows this, and they're starting to twist hard to get rid of apps like Apollo, Reddit is Fun, Sync, and Red Planet, which in my opinion seems like a move to eliminate competition on mobile.

However, the Reddit CEO blames large language models like ChatGPT for using Reddit extensively as training data, but I have a hard time buying that because Reddit is tied to most of these AI companies through the same VCs via people like Sam Altman, Marc Andreessen, and Peter Thiel. Coincidentally, they all became investors in 2014, when you're after the butt of Baron Swartz, a dude who once said information is power, but like all power, there are those who want to keep it for themselves. What's crazy about a website like Reddit is that you have millions of people providing high quality content and moderating it entirely for free. People do that because the content in many cases is more valuable than money. Like Today, I was trying to visit a subreddit for a highly specialized medical condition that I have, but it looks like Reddit is currently also under a DDoS attack right now, which means I might need to go see a real doctor.

All it has to do is not things up and provide a minimal platform that keeps the gravy train running. What you really don't want is the users of Reddit to find out that the content they create on the Internet actually has value because because then they might want to take that content to their own platforms where it would be far more difficult for vulture capitalists to feast upon. Now to finish things up, I to apologize for the lack of memes in this video. Unfortunately, programming humor on Reddit has joined the protest, and that means I won't be able to steal any memes from them for the next 48 hours. This has been the CodeReport.

Thanks for watching, and I will see you in the next one.
It is June 12, 2023, and you are watching the code report. If you try to go on to the subreddit to look at adorable pictures of puppies and bunnies, bunnies, you'll notice that that subreddit has gone private, forcing 34,000,000 people to confront the harsh reality of our existence. As of today, nearly 7,000 different subreddits have gone private, and that means tens of millions of users won't be able to generate ad revenue for Reddit Inc. And that's not good for a company that desperately wants to go public before it becomes obsolete. Reddit has an incredible business model where people willingly create content for free that it can then monetize with advertisements, but it recently pissed off a lot of its mods and power users by backing up the price of its API.
Back in April, they announced that API pricing was changing from totally free to 24¢ per 1,000 buzzin API calls going into effect on July 1st. That's pretty steep because serving a 1,000 get requests should cost them a fraction of a penny. Now, I understand Reddit has to put food on its family, but they're not doing this to make money.
customers
They make their money from advertisements, and it's a problem when you have apps like Apollo that provide a much better user experience than the Reddit app, and the best way to get rid of third party apps is to simply cut off the water supply, or in this case, make the water supply extremely expensive. The Apollo boap make 7,000,000,000 requests per month, which means the API would cost them $20,000,000 per year. And they ain't got that kind of money, bro, which means they're officially going out business June 30th.
They learned this trick from Elon Musk, who recently jacked up the price of the Twitter API, which used to be an awesome free API as well, a change that killed off a bunch of third party apps. But a platform killing off third party businesses is nothing new. Apple can boot you from the App Store anytime it wants. Google can update its search algorithm, so nobody ever finds your website. Instagram can turn you into a famous influencer, then erase you the moment you post something that doesn't align with the regime. YouTube has complete control over my and could easily end everything I've worked for with the click of a button. The bottom line is that when you build a software product, any third party APIs or platforms that you rely on have you by the balls. Balls. Reddit knows this, and they're starting to twist hard to get rid of apps like Apollo, Reddit is Fun, Sync, and Red Planet, which in my opinion seems like a move to eliminate competition on mobile.
youtube
apple
instagram
software
twitter
technology
social media
software development
google
However, the Reddit CEO blames large language models like ChatGPT for using Reddit extensively as training data, but I have a hard time buying that because Reddit is tied to most of these AI companies through the same VCs via people like Sam Altman, Marc Andreessen, and Peter Thiel. Coincidentally, they all became investors in 2014, when you're after the butt of Baron Swartz, a dude who once said information is power, but like all power, there are those who want to keep it for themselves. What's crazy about a website like Reddit is that you have millions of people providing high quality content and moderating it entirely for free. People do that because the content in many cases is more valuable than money.
Like Today, I was trying to visit a subreddit for a highly specialized medical condition that I have, but it looks like Reddit is currently also under a DDoS attack right now, which means I might need to go see a real doctor. All it has to do is not things up and provide a minimal platform that keeps the gravy train running. What you really don't want is the users of Reddit to find out that the content they create on the Internet actually has value because because then they might want to take that content to their own platforms where it would be far more difficult for vulture capitalists to feast upon. Now to finish things up, I to apologize for the lack of memes in this video. Unfortunately, programming humor on Reddit has joined the protest, and that means I won't be able to steal any memes from them for the next 48 hours. This has been the CodeReport. Thanks for watching, and I will see you in the next one.
youtube
medicine
netflix
It is June 12, 2023, and you are watching the code report. If you try to go on to the subreddit to look at adorable pictures of puppies and bunnies, bunnies, you'll notice that that subreddit has gone private, forcing 34,000,000 people to confront the harsh reality of our existence. As of today, nearly 7,000 different subreddits have gone private, and that means tens of millions of users won't be able to generate ad revenue for Reddit Inc. And that's not good for a company that desperately wants to go public before it becomes obsolete. Reddit has an incredible business model where people willingly create content for free that it can then monetize with advertisements, but it recently pissed off a lot of its mods and power users by backing up the price of its API. Back in April, they announced that API pricing was changing from totally free to 24¢ per 1,000 buzzin API calls going into effect on July 1st. That's pretty steep because serving a 1,000 get requests should cost them a fraction of a penny. Now, I understand Reddit has to put food on its family, but they're not doing this to make money. They make their money from advertisements, and it's a problem when you have apps like Apollo that provide a much better user experience than the Reddit app, and the best way to get rid of third party apps is to simply cut off the water supply, or in this case, make the water supply extremely expensive. The Apollo boap make 7,000,000,000 requests per month, which means the API would cost them $20,000,000 per year. And they ain't got that kind of money, bro, which means they're officially going out business June 30th. They learned this trick from Elon Musk, who recently jacked up the price of the Twitter API, which used to be an awesome free API as well, a change that killed off a bunch of third party apps. But a platform killing off third party businesses is nothing new. Apple can boot you from the App Store anytime it wants. Google can update its search algorithm, so nobody ever finds your website. Instagram can turn you into a famous influencer, then erase you the moment you post something that doesn't align with the regime. YouTube has complete control over my and could easily end everything I've worked for with the click of a button. The bottom line is that when you build a software product, any third party APIs or platforms that you rely on have you by the balls. Balls. Reddit knows this, and they're starting to twist hard to get rid of apps like Apollo, Reddit is Fun, Sync, and Red Planet, which in my opinion seems like a move to eliminate competition on mobile. However, the Reddit CEO blames large language models like ChatGPT for using Reddit extensively as training data, but I have a hard time buying that because Reddit is tied to most of these AI companies through the same VCs via people like Sam Altman, Marc Andreessen, and Peter Thiel. Coincidentally, they all became investors in 2014, when you're after the butt of Baron Swartz, a dude who once said information is power, but like all power, there are those who want to keep it for themselves. What's crazy about a website like Reddit is that you have millions of people providing high quality content and moderating it entirely for free. People do that because the content in many cases is more valuable than money. Like Today, I was trying to visit a subreddit for a highly specialized medical condition that I have, but it looks like Reddit is currently also under a DDoS attack right now, which means I might need to go see a real doctor. All it has to do is not things up and provide a minimal platform that keeps the gravy train running. What you really don't want is the users of Reddit to find out that the content they create on the Internet actually has value because because then they might want to take that content to their own platforms where it would be far more difficult for vulture capitalists to feast upon. Now to finish things up, I to apologize for the lack of memes in this video. Unfortunately, programming humor on Reddit has joined the protest, and that means I won't be able to steal any memes from them for the next 48 hours. This has been the CodeReport. Thanks for watching, and I will see you in the next one.
It
it
is
is
June
june
12,
12
2023,
2023
and
and
you
you
are
are
watching
watching
the
the
code
code
report.
report
If
if
you
you
try
try
to
to
go
go
on
on
to
to
the
the
subreddit
subreddit
to
to
look
look
at
at
adorable
adorable
pictures
pictures
of
of
puppies
puppies
and
and
bunnies,
bunnies
bunnies,
bunnies
you'll
you'll
notice
notice
that
that
that
that
subreddit
subreddit
has
has
gone
gone
private,
private
forcing
forcing
34,000,000
34,000,000
people
people
to
to
confront
confront
the
the
harsh
harsh
reality
reality
of
of
our
our
existence.
existence
As
as
of
of
today,
today
nearly
nearly
7,000
7,000
different
different
subreddits
subreddits
have
have
gone
gone
private,
private
and
and
that
that
means
means
tens
tens
of
of
millions
millions
of
of
users
users
won't
won't
be
be
able
able
to
to
generate
generate
ad
ad
revenue
revenue
for
for
Reddit
reddit
Inc.
inc
And
and
that's
that's
not
not
good
good
for
for
a
a
company
company
that
that
desperately
desperately
wants
wants
to
to
go
go
public
public
before
before
it
it
becomes
becomes
obsolete.
obsolete
Reddit
reddit
has
has
an
an
incredible
incredible
business
business
model
model
where
where
people
people
willingly
willingly
create
create
content
content
for
for
free
free
that
that
it
it
can
can
then
then
monetize
monetize
with
with
advertisements,
advertisements
but
but
it
it
recently
recently
pissed
pissed
off
off
a
a
lot
lot
of
of
its
its
mods
mods
and
and
power
power
users
users
by
by
backing
backing
up
up
the
the
price
price
of
of
its
its
API.
api
Back
back
in
in
April,
april
they
they
announced
announced
that
that
API
api
pricing
pricing
was
was
changing
changing
from
from
totally
totally
free
free
to
to
24¢
24¢
per
per
1,000
1,000
buzzin
buzzin
API
api
calls
calls
going
going
into
into
effect
effect
on
on
July
july
1st.
1st
That's
that's
pretty
pretty
steep
steep
because
because
serving
serving
a
a
1,000
1,000
get
get
requests
requests
should
should
cost
cost
them
them
a
a
fraction
fraction
of
of
a
a
penny.
penny
Now,
now
I
i
understand
understand
Reddit
reddit
has
has
to
to
put
put
food
food
on
on
its
its
family,
family
but
but
they're
they're
not
not
doing
doing
this
this
to
to
make
make
money.
money
They
they
make
make
their
their
money
money
from
from
advertisements,
advertisements
and
and
it's
it's
a
a
problem
problem
when
when
you
you
have
have
apps
apps
like
like
Apollo
apollo
that
that
provide
provide
a
a
much
much
better
better
user
user
experience
experience
than
than
the
the
Reddit
reddit
app,
app
and
and
the
the
best
best
way
way
to
to
get
get
rid
rid
of
of
third
third
party
party
apps
apps
is
is
to
to
simply
simply
cut
cut
off
off
the
the
water
water
supply,
supply
or
or
in
in
this
this
case,
case
make
make
the
the
water
water
supply
supply
extremely
extremely
expensive.
expensive
The
the
Apollo
apollo
boap
boap
make
make
7,000,000,000
7,000,000,000
requests
requests
per
per
month,
month
which
which
means
means
the
the
API
api
would
would
cost
cost
them
them
$20,000,000
$20,000,000
per
per
year.
year
And
and
they
they
ain't
ain't
got
got
that
that
kind
kind
of
of
money,
money
bro,
bro
which
which
means
means
they're
they're
officially
officially
going
going
out
out
business
business
June
june
30th.
30th
They
they
learned
learned
this
this
trick
trick
from
from
Elon
elon
Musk,
musk
who
who
recently
recently
jacked
jacked
up
up
the
the
price
price
of
of
the
the
Twitter
twitter
API,
api
which
which
used
used
to
to
be
be
an
an
awesome
awesome
free
free
API
api
as
as
well,
well
a
a
change
change
that
that
killed
killed
off
off
a
a
bunch
bunch
of
of
third
third
party
party
apps.
apps
But
but
a
a
platform
platform
killing
killing
off
off
third
third
party
party
businesses
businesses
is
is
nothing
nothing
new.
new
Apple
apple
can
can
boot
boot
you
you
from
from
the
the
App
app
Store
store
anytime
anytime
it
it
wants.
wants
Google
google
can
can
update
update
its
its
search
search
algorithm,
algorithm
so
so
nobody
nobody
ever
ever
finds
finds
your
your
website.
website
Instagram
instagram
can
can
turn
turn
you
you
into
into
a
a
famous
famous
influencer,
influencer
then
then
erase
erase
you
you
the
the
moment
moment
you
you
post
post
something
something
that
that
doesn't
doesn't
align
align
with
with
the
the
regime.
regime
YouTube
youtube
has
has
complete
complete
control
control
over
over
my
my
and
and
could
could
easily
easily
end
end
everything
everything
I've
i've
worked
worked
for
for
with
with
the
the
click
click
of
of
a
a
button.
button
The
the
bottom
bottom
line
line
is
is
that
that
when
when
you
you
build
build
a
a
software
software
product,
product
any
any
third
third
party
party
APIs
apis
or
or
platforms
platforms
that
that
you
you
rely
rely
on
on
have
have
you
you
by
by
the
the
balls.
balls
Balls.
balls
Reddit
reddit
knows
knows
this,
this
and
and
they're
they're
starting
starting
to
to
twist
twist
hard
hard
to
to
get
get
rid
rid
of
of
apps
apps
like
like
Apollo,
apollo
Reddit
reddit
is
is
Fun,
fun
Sync,
sync
and
and
Red
red
Planet,
planet
which
which
in
in
my
my
opinion
opinion
seems
seems
like
like
a
a
move
move
to
to
eliminate
eliminate
competition
competition
on
on
mobile.
mobile
However,
however
the
the
Reddit
reddit
CEO
ceo
blames
blames
large
large
language
language
models
models
like
like
ChatGPT
chatgpt
for
for
using
using
Reddit
reddit
extensively
extensively
as
as
training
training
data,
data
but
but
I
i
have
have
a
a
hard
hard
time
time
buying
buying
that
that
because
because
Reddit
reddit
is
is
tied
tied
to
to
most
most
of
of
these
these
AI
ai
companies
companies
through
through
the
the
same
same
VCs
vcs
via
via
people
people
like
like
Sam
sam
Altman,
altman
Marc
marc
Andreessen,
andreessen
and
and
Peter
peter
Thiel.
thiel
Coincidentally,
coincidentally
they
they
all
all
became
became
investors
investors
in
in
2014,
2014
when
when
you're
you're
after
after
the
the
butt
butt
of
of
Baron
baron
Swartz,
swartz
a
a
dude
dude
who
who
once
once
said
said
information
information
is
is
power,
power
but
but
like
like
all
all
power,
power
there
there
are
are
those
those
who
who
want
want
to
to
keep
keep
it
it
for
for
themselves.
themselves
What's
what's
crazy
crazy
about
about
a
a
website
website
like
like
Reddit
reddit
is
is
that
that
you
you
have
have
millions
millions
of
of
people
people
providing
providing
high
high
quality
quality
content
content
and
and
moderating
moderating
it
it
entirely
entirely
for
for
free.
free
People
people
do
do
that
that
because
because
the
the
content
content
in
in
many
many
cases
cases
is
is
more
more
valuable
valuable
than
than
money.
money
Like
like
Today,
today
I
i
was
was
trying
trying
to
to
visit
visit
a
a
subreddit
subreddit
for
for
a
a
highly
highly
specialized
specialized
medical
medical
condition
condition
that
that
I
i
have,
have
but
but
it
it
looks
looks
like
like
Reddit
reddit
is
is
currently
currently
also
also
under
under
a
a
DDoS
ddos
attack
attack
right
right
now,
now
which
which
means
means
I
i
might
might
need
need
to
to
go
go
see
see
a
a
real
real
doctor.
doctor
All
all
it
it
has
has
to
to
do
do
is
is
not
not
things
things
up
up
and
and
provide
provide
a
a
minimal
minimal
platform
platform
that
that
keeps
keeps
the
the
gravy
gravy
train
train
running.
running
What
what
you
you
really
really
don't
don't
want
want
is
is
the
the
users
users
of
of
Reddit
reddit
to
to
find
find
out
out
that
that
the
the
content
content
they
they
create
create
on
on
the
the
Internet
internet
actually
actually
has
has
value
value
because
because
because
because
then
then
they
they
might
might
want
want
to
to
take
take
that
that
content
content
to
to
their
their
own
own
platforms
platforms
where
where
it
it
would
would
be
be
far
far
more
more
difficult
difficult
for
for
vulture
vulture
capitalists
capitalists
to
to
feast
feast
upon.
upon
Now
now
to
to
finish
finish
things
things
up,
up
I
i
to
to
apologize
apologize
for
for
the
the
lack
lack
of
of
memes
memes
in
in
this
this
video.
video
Unfortunately,
unfortunately
programming
programming
humor
humor
on
on
Reddit
reddit
has
has
joined
joined
the
the
protest,
protest
and
and
that
that
means
means
I
i
won't
won't
be
be
able
able
to
to
steal
steal
any
any
memes
memes
from
from
them
them
for
for
the
the
next
next
48
48
hours.
hours
This
this
has
has
been
been
the
the
CodeReport.
codereport
Thanks
thanks
for
for
watching,
watching
and
and
I
i
will
will
see
see
you
you
in
in
the
the
next
next
one.
one
success
In this video, Speaker 0 discusses how Reddit is making a lot of money from advertisements, causing subreddit to go private and force users to generate ad revenue. Speaker 0 explains that while Reddit is not backing down on third-party apps, it is making money from advertisements and making it harder for vulture capitalists to dataset. Speaker 0 apologizes for the lack of memes in the video and mentions that programming humor on Reddit has joined the protest.
Reddit’s API rug pull
It is June 12, 2023, and you are watching the code report. If you try to go on to the subreddit to look at adorable pictures of puppies and bunnies, bunnies, you'll notice that that subreddit has gone private, forcing 34,000,000 people to confront the harsh reality of our existence. As of today, nearly 7,000 different subreddits have gone private, and that means tens of millions of users won't be able to generate ad revenue for Reddit Inc. And that's not good for a company that desperately wants to go public before it becomes obsolete. Reddit has an incredible business model where people willingly create content for free that it can then monetize with advertisements, but it recently pissed off a lot of its mods and power users by backing up the price of its API. Back in April, they announced that API pricing was changing from totally free to 24¢ per 1,000 buzzin API calls going into effect on July 1st. That's pretty steep because serving a 1,000 get requests should cost them a fraction of a penny. Now, I understand Reddit has to put food on its family, but they're not doing this to make money. They make their money from advertisements, and it's a problem when you have apps like Apollo that provide a much better user experience than the Reddit app, and the best way to get rid of third party apps is to simply cut off the water supply, or in this case, make the water supply extremely expensive. The Apollo boap make 7,000,000,000 requests per month, which means the API would cost them $20,000,000 per year. And they ain't got that kind of money, bro, which means they're officially going out business June 30th. They learned this trick from Elon Musk, who recently jacked up the price of the Twitter API, which used to be an awesome free API as well, a change that killed off a bunch of third party apps. But a platform killing off third party businesses is nothing new. Apple can boot you from the App Store anytime it wants. Google can update its search algorithm, so nobody ever finds your website. Instagram can turn you into a famous influencer, then erase you the moment you post something that doesn't align with the regime. YouTube has complete control over my and could easily end everything I've worked for with the click of a button. The bottom line is that when you build a software product, any third party APIs or platforms that you rely on have you by the balls. Balls. Reddit knows this, and they're starting to twist hard to get rid of apps like Apollo, Reddit is Fun, Sync, and Red Planet, which in my opinion seems like a move to eliminate competition on mobile. However, the Reddit CEO blames large language models like ChatGPT for using Reddit extensively as training data, but I have a hard time buying that because Reddit is tied to most of these AI companies through the same VCs via people like Sam Altman, Marc Andreessen, and Peter Thiel. Coincidentally, they all became investors in 2014, when you're after the butt of Baron Swartz, a dude who once said information is power, but like all power, there are those who want to keep it for themselves. What's crazy about a website like Reddit is that you have millions of people providing high quality content and moderating it entirely for free. People do that because the content in many cases is more valuable than money. Like Today, I was trying to visit a subreddit for a highly specialized medical condition that I have, but it looks like Reddit is currently also under a DDoS attack right now, which means I might need to go see a real doctor. All it has to do is not things up and provide a minimal platform that keeps the gravy train running. What you really don't want is the users of Reddit to find out that the content they create on the Internet actually has value because because then they might want to take that content to their own platforms where it would be far more difficult for vulture capitalists to feast upon. Now to finish things up, I to apologize for the lack of memes in this video. Unfortunately, programming humor on Reddit has joined the protest, and that means I won't be able to steal any memes from them for the next 48 hours. This has been the CodeReport. Thanks for watching, and I will see you in the next one.
In this video, Speaker 0 discusses how Reddit is making a lot of money from advertisements, causing subreddit to go private and force users to generate ad revenue. Speaker 0 explains that while Reddit is not backing down on third-party apps, it is making money from advertisements and making it harder for vulture capitalists to dataset. Speaker 0 apologizes for the lack of memes in the video and mentions that programming humor on Reddit has joined the protest.