Reddit insists on being “fairly paid” amid API price protest plans, layoffs

>In a statement to Bloomberg on Tuesday, however, Reddit spokesperson Tim Rathschmidt sought to "clear up confusion," as Bloomberg put it, and said Reddit spends millions on hosting and is only seeking fair payment for API access.

>"Reddit needs to be fairly paid to continue supporting high-usage third-party apps. Our pricing is based on usage levels that we measure to be comparable to our own costs," Rathschmidt said in a statement to Bloomberg.

I’m the submitter of this. Source was Bloomberg but I didn’t link direct to Bloomberg because it is soft-paywall : https://www.bloomberg.com/news/articles/2023-06-06/reddit-on...