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Lemmy apps
(vlemmy.net)
This got removed by mods on the other android community without any explanation
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this post was submitted on 08 Jul 2023
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"Devs want to continue making money"
What's was the revenue stream with reddit? Was it all donation based or was it like a Boost/Boost Pro model.
Oh no, they made loads of money. I hate to quote spez the fuckwad: https://www.businessinsider.com/reddit-ceo-app-founders-apollo-riff-made-millions-using-api-2023-6?r=US&IR=T
No dev was talking against that, so i guess that point is correct.
Apollo made 500k a year alone from subscriptions, i have no clue what they've paid for the API prior though, but these guys are loaded.
The API for Reddit was free. I think for sites like Imgur, Redgifs, etc they paid some pretty reasonable fees. It's worth noting that many of them had revenue sharing agreements and trademark licenses with Reddit that were terminated after spez became CEO.
I'm not absolutely sure, but I think it was ad banners for free users and a possibility to remove ads with a one-time fee.