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How much revenue were third party Reddit apps making? (lemmy.ml)

submitted 2 years ago by [email protected] to c/[email protected]

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Curious how big the gap was with the API costs.

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[–] [email protected] 7 points 2 years ago* (last edited 2 years ago) (1 children)

He probably is still rich (hell, he made more money in a year than I probably ever will in my life), but yeah probably not as much as some people may think.

He did estimate that if everyone asks for a refund, he'll have to pay out $250k, ouch.

[–] [email protected] 2 points 2 years ago

Yeah, that’s a lot of money as well. His business might have paid quite well. Buuuut it comes with a risk, which he took, knowing his whole business relies on those APIs. Well shit, it turns out the deciders at Reddit are assholes. I don’t blame Reddit for charging for the service, I blame them for how they announce it. It’s just inhumane.

Sorry for the babbling. I’m just so angry 😅