Apollo is a free Reddit client.
Reddit said it was valued at more than $10 billion.
The platform has been questioned for harboring groups considered to be “extreme right”.
Reddit, a popular forum on the Internet, has announced that it has been the target of a new cyber attack or hack, where cybercriminals steal confidential information from your system.
According to their data, approximately 1.7 billion visits to the online forum were recorded in June 2021, making it one of the most visited websites.
By 2021, the company said to be valued at more than ten billion dollars, after raising an additional $410 million in funding, In addition, he expects a final round of about 300 million dollars, with which the company could complete 700 million dollars.
Although the social network has become popular in recent years, at the beginning of 2021, it was questioned for hosting groups considered “extreme right”.
Apollo could stop working
Reddit’s most popular app, Apollo, emerged as one of the most in-demand clients, but now its future is uncertain. Christian Selig, developer of the platform, publicly shared the challenges the brand is facing in relation to the cost of the updated API.
As announced in the past few months, Reddit will now charge to submit APIs to third-party developers and informed Seling that the new cost would be $12,000 for every 50 million requests. Apollo makes about 7 billion requests per month, this means 1.7 million dollars per month for its API access. In this regard, Seling was clear: “I don’t have that amount of money.”
Reddit initially claimed that the price of the new API would be “reasonable based on reality”, adding that it “would not operate like Twitter”, which limited its API to third parties. The developer said that keeping subscription users involved double Apollo’s subscription spend.
Today, the average Apollo user uses 344 requests per day, which costs around $2.50 per month, more than double the current subscription cost. Instead, Apollo Pro has a one-time fee of $4.99, which unlocks additional features. Finally, Apollo Ultra is a more exclusive tier and costs $12.99 per year.
“I am deeply disappointed with this price. Reddit repeated that the price would be A) reasonable and based on reality, and B) they would not operate like Twitter. Twitter’s price was publicly ridiculed for its obscene price of $42,000 for 50 million tweets. Reddit is still $12,000. For reference, I pay Imgur, a site similar to Reddit in user and media base, $166 for the same 50 million API calls,” he noted in a Seling post.
According to the information shared, Christian predicts that with the change, Reddit is setting itself up to charge third-party developers 20 times more than what it costs native Reddit users.
After several telephone conversations, Seling stated that Reddit has not changed its decision, now it only remains to find a way so that the prices of the new API do not affect users, or otherwise, they would have to say goodbye to the popular forum site. , where Apollo has always contributed interesting news.
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