Reddit CEO: App founders have made millions on the company's API

, which was planned by Reddit users to protest API pricing changes, Huffman said that the company"needs to be a self-sustaining business, and to do that, we can no longer subsidize commercial entities that require large-scale data use."

Huffman told The Verge that it costs Reddit"about $10 million in pure infrastructure costs" to support third-party apps by keeping its API free. Additionally, he emphasized that apps like Apollo and RIF, another popular third-party app that gives users access to Reddit, aren't"side projects or charities." No other tech company allows"these sort of competitive products to exist," he told The Verge.

Apollo's Selig did not immediately respond to Insider's request for comment regarding the"millions" Huffman claims he has made. But when reached The Verge reached out to him for comment, he did not deny the claim."Regarding the 'millions,' word the CEO publicly threw out, I will say RIF earns under a million per year,"Andrew Shu, RIF's developer, told Insider over email.

"I wish it earned more! But instead, I have frequently rejected intrusive revenue generation methods, like intrusive video ads etc., in favor of a lightweight and user-respecting app experience," he added.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despite widespread protest, Reddit CEO says company is 'not negotiating' on 3rd-party app chargesReddit is facing an ongoing blackout from some of its most active users. After outrage erupted over plans to charge some third-party apps for data access, thousands of communities within the online discussion network went dark this week, and many organizers say their protest is not over. More than 4,000 subreddits remained dark Friday. Despite this week’s blackout, Reddit CEO Steve Huffman told The Associated Press the company is not changing its course. Reddit’s response to the blackout has fueled further outrage among protest organizers, partciularly after a move to replace moderators of protesting subreddits. Reddit’s changes to its data access arrive as the company reportedly seeks to go public later this year.
Source: AP - 🏆 728. / 51 Read more »

Despite protests, Reddit CEO says company is ‘not negotiating’ on 3rd-party app chargesReddit is facing an ongoing blackout from some of its most active users after it revealed plans to charge some third-party apps for data access.
Source: PennLive - 🏆 463. / 53 Read more »