Reddit reported that they had 430 million monthly active users in 2019.
$500 million per year / 430 million users = $1.16 per user per year
$1.16 / 12 months = $0.10 per user per month.
$500 million per year / 430 million users = $1.16 per user per year
$1.16 / 12 months = $0.10 per user per month.
Alienating power user seems like the exact opposite.
Plus, I'd bet that third-party app users are far more likely to be mods and/or heavy content creators, which means that alienating them will have outsized negative effects on the engagement of the rest of the userbase.