I guess you have to read OPs comment as the inner monologue of Reddit's CEO in 2023: "IPO is coming so better price out the third party apps we encouraged developers to build."

When Reddit raised its API prices in 2023 in order to make itself more attractive for an IPO, it effectively priced out third-party apps, such as the Apollo reader app. Discussion back then: https://www.reddit.com/r/apolloapp/comments/13ws4w3/had_a_ca...

> you'll even get downvoted for "living in the past" if you attempt to bring it up later.

https://news.ycombinator.com/item?id=49390953