Reddit Announces New API Pricing That May Cost Popular Third-Party App Apollo $20 Million Per Year

A developer says the new fees Reddit plans to charge for API access could cost his app Apollo up to $20 million per year to operate at the current pace.
Under the new pricing, Apollo would be charged about $12,000 for every 50 million requests it makes to Reddit's API.
Last month, Apollo made 7 billion requests to Reddit's API which would equate to $1.7 million per month or $20 million per year under the new pricing.
Apollo's creator says the app does not currently make enough money to pay the new fees and stay in business.
Other popular third-party Reddit apps like Rif and Relay could face similar costs under Reddit's new API pricing terms.