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Reddit announces that they will start charging for API usage, which includes third-party app developers. They will be charging 21 cents per 1000 API calls.
Developers express frustration over lack of communication from Reddit regarding API changes. CEO Steve Huffman misinterprets a conversation with Christian Sealy of Apollo and accuses him of making threats. Sealy releases the recorded call, proving it was a misunderstanding.
Reddit gives app developers a short notice of 30 days to comply with the new API charges. The cost of API usage would amount to significant financial burdens for developers, including potentially millions of dollars in fees.
Some third-party apps, including Apollo, Reddit is Fun, and Sync, announce they will be shutting down due to the new API charges and the financial impact they would face.
YouTube has recently updated its eligibility requirements for creators to become partners and monetize their videos. The new requirements include having at least 500 subscribers, three public uploads in the last 90 days, and either 3,000 watch hours in the last year or 3 million shorts views in the last 90 days. These new requirements have lowered the thresholds for becoming a YouTube partner, making it more accessible for creators to start monetizing their content.
One notable change in the updated requirements is the need for creators to have at least three public uploads in the last 90 days. While this can encourage consistent content creation, it may pose a challenge for creators who produce longer and more research-intensive videos, as they may have a slower upload schedule. However, by planning strategically and ensuring they meet the uploading criteria during a specific period, creators can still work towards monetization.
The reduction in the required number of subscribers from 1,000 to 500 is a significant change that allows more creators to qualify for monetization. YouTube has recognized that the number of subscribers alone doesn't necessarily indicate the quality or potential reach of a channel. Many successful channels have gained a substantial following without reaching the previous threshold, making this update a positive step in empowering creators to start earning from their content.
So much happened this week! After talking about a grab bag of news, Andrew and David take turns explaining what exactly is going on with Reddit and the Apollo app. Then they go over some changes with the YouTube monetization program that makes it easier for new creators to become partners. Finally, we wrap it all up with trivia. Enjoy!
Editor's note: For some reason, our feed was getting messed up with the episode from last week so sorry for the confusion! This should (hopefully) be the right episode! If it isn't, Adam might cry a little.
Links:
Volve EX30: https://bit.ly/wvfrmvolvo
Prius review: https://bit.ly/autofocusprius
Christian Selig interview with Snazzy Labs: https://bit.ly/snazzyinterviewwithChristian
Christian Selig interview with Verge: https://bit.ly/vergeinterviewwithChristian
Pixel Pals: https://apps.apple.com/app/apple-store/id6443919232
YouTube monetization changes: https://tcrn.ch/3CusDhF
Shop the merch:
https://shop.mkbhd.com
Twitters:
Waveform: https://twitter.com/wvfrm
Marques: https://twitter.com/mkbhd
Andrew: https://twitter.com/andymanganelli
David Imel: https://twitter.com/DurvidImel
Adam: https://twitter.com/adamlukas17
Ellis: https://twitter.com/EllisRovin
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TikTok:
https://www.tiktok.com/@waveformpodcast
Join the Discord:
https://discord.gg/mkbhd
Music by 20syl:
https://bit.ly/2S53xlC
Waveform is part of the Vox Media Podcast Network.
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