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This does put a new perspective on it, if the new conditions make it free for non profit, and its only targeted at revenue making mods, thats reasonable I think.Problem here is, the 3rd party apps want their cake and don't want to share.
Apollo dev said he makes $500,000 from subscriptions, and was giving $0 to Reddit.
That is not fair, a API does cost to build and upkeep and all the extra stuff.
What Reddit has done is put a price tag that is a bit higher than other companies charge (Google / AWS / Microsoft and so on).
Though, they do say it still is free for open source apps or apps that don't charge people money, and that seems pretty fair does it not?
Those devs aren't making money, so Reddit gives them a pass.
It is only the 3rd party apps that are commercial (for profit) is where this is targeted, and yes, those 3rd party people SHOULD pay something for Reddit's API usage
The only question is, how much should they pay, and that is the part both sides should get together on and talk about it.
Oh, and also, 7K subreddits out of 3,125,000 total subreddits is a joke, barely a blip.
I think Reddit's mobile app is trash, and their new layout on the desktop is also trash, they should hire one of those 3rd party people to fix it, otherwise, when old.reddit goes down, then adios.
As you said there needs to be an agreeable number agreed on by both parties, % share aka twitch model might be the way forward.