Reddit API Price Increase Threatens Third-Party App Ecosystem

Reddit announced plans to start charging apps and developers for API access, similar to Twitter's model.
Popular Reddit app Apollo estimates the new pricing would cost $20 million a year to operate, an unsustainable amount.
The high fees are intended to drive users to Reddit's official app and boost ad revenue and Reddit Premium subscriptions.
Reddit's API pricing scheme is far more expensive than other social networks, shocking app developers who can't afford the costs.
The pricing may wipe out Reddit's community of third-party apps, crushing many businesses and angering devoted users.