ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Why Are Thousands Of Reddit Communities Locking Out Users For 48 Hours?

The outrage is over a Reddit plan to charge millions of dollars in fee for some third-party apps to access the platform. 
UPDATED JAN 22, 2024
Cover Image Source: Getty Images | Jerod Harris
Cover Image Source: Getty Images | Jerod Harris

Thousands of Reddit forums restricted user access on Monday to protest against the company’s plan to charge for access to its data. The voluntary blackouts restrict the group's content from being publicly visible and affected Reddit's largest communities including popular groups devoted to music history, sports, and video games.

The protest includes more than 12 subreddits and at least 10 million subscribers as well as thousands of smaller networks within the social media platform, as per CNN Business. 

The outrage is over a Reddit plan to charge millions of dollars in fee for some third-party apps to access the platform. As per Reuters, Reddit is looking to go public later this year. 

Pexels | Brett Jordan
Pexels | Brett Jordan

Reddit announced in April that it would start charging third parties for its API, a software framework that allows any data provider and an end user to communicate. From July 1, Reddit plans to charge developers that require higher usage limits $0.24 for every 1,000 API calls or less than $1 per user every month.

Why Is Reddit Implementing A Subscription Model For Their API?

Pexels | Brett Jordan
Pexels | Brett Jordan

One of the many reasons behind this is generative artificial intelligence. Reddit's forums have loads and loads of data that can be used to effectively train tools like ChatGPT, the Microsoft-backed Open AI software. Reddit CEO Steve Huffman said in an interview with the New York Times in April that "Reddit corpus of data is really valuable" and he doesn't want to "need to give all of that value to some of the largest companies in the world for free".

Who Is Going To Get Affected and When Will The Reddit Blackout End?



 

The moderators are determined to protest for at least 48 hours during which the forums will go private and millions of users will be barred from accessing the subreddits. 

Subreddits such as r/Music, r/gaming, r/science, and r/todayilearned -- all with more than 30 million subscribers -- are protesting. Some like r/Music plan to protest indefinitely.

Is Reddit The only Social Media Site To Restrict Third-Party Clients?

Not really, Elon Musk's Twitter restricted all third-party apps and clients and even updated their rules for developers accessing their API. The new rules say that the devs cannot use the company's API to create a substitute or similar service or product to the Twitter Application".



 

The idea of the social media platform was conceived by Steve Huffman and Alexis Ohanian on June 23, 2005. The two were studying at the University of Virginia at the time and began building Reddit just for kicks.

American start-up funder Y Combinator gave Reddit around $100,000 in 2005. Later that year, Reddit merged with Infogami and started working with Aaron Schwartz.

Schwartz rewrote Reddit's codebase once again, this time using the program he had made for Infogami.

The sites struggled quite a lot but after the merger, they were able to take off, as per The Fact Site. 

Reddit began with only a few subreddits. This allowed users to categorize the information in a precise way. 

Once a subreddit is created, it remains on the site forever. Despite a slow start, the company has emerged as one of the most visited social media sites. 

Huffman and Ohanian left Reddit in 2009 only to return five years later. Ohanian became the full-time executive chairman while Huffman became the company's chief executive. The company launched a new version in 2018.

MORE ON MARKET REALIST
"How is this even possible? I’m sick," she wrote in the caption of the video. 
5 hours ago
The player had to choose between walking away with his winnings or playing for a car.
10 hours ago
She was seen wearing a New York sweatshirt and a pair of black pants with boots.
1 day ago
The contestant suggested that Carey wasn't going to let her have the card.
1 day ago
As per Closer Weekly, Harvey is now being compared to former "Wheel of Fortune" host Pat Sajak.
1 day ago
The player couldn't hold her excitement after winning one of the toughest games on the show.
1 day ago
Carey and DeGeneres are both comedians who have turned hosts for their respective shows.
1 day ago
The TikTok creator warned her viewers to throw out any broccoli bought in the past two months.
2 days ago
Fans debated the mathematical possibility of something like this happening and questioned the odds.
2 days ago
Trujillo admitted that the product wasn't patented and that was a major red flag for sharks.
3 days ago
The entrepreneurs even pitched a snack hat, which was a plate that people could wear.
3 days ago
The excited contestant nearly took out the host and wrestled the celebrity guest to the floor.
3 days ago
Rich Fields is one of the few lucky ones to introduce both Barker and Sajak on TV. 
3 days ago
The host had to stop the timer in the Fast Money round to recover from the shock.
3 days ago
One can imagine how hilarious it was when the two iconic hosts shared the stage.
4 days ago
Gwendolyn Osborne said that Carey changed the history of television and set a new standard.
4 days ago
The player brought his parents on the stage and that made things even more emotionally charged.
4 days ago
The player did lose everything that he had won but also get another shot and made a stunning recovery.
5 days ago
Steve Harvey has previously shared style tips with fans in a behind the scenes clip.
5 days ago
The founders of "The Long Hairs" made a rocking pitch that had the sharks headbanging.
6 days ago