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Elon Musk's Twitter moves were 'reaffirming' says Reddit boss amid API changes
(www.theregister.com)
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this post was submitted on 19 Jun 2023
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I didn’t hear that, but I’m not surprised it’s also about control. When you offer a paid API you’re capping potential revenues for those users at essentially a flat rate.
I suspect that their revenue generation plans likely would see more than 10M/yr return so they threw out some big number to kill everything, force a portion of those users to their own services where they’re planning on ramping up monetization