KEY POINTS
  • Thousands of Reddit communities have gone dark to protest proposed changes to how the company bills third-party developers beginning Monday.
  • The blackout came after the developer for a popular third-party app, Apollo, said he would sunset his business because of Reddit's proposed pricing changes, which would cost him millions of dollars.
  • The company has reportedly been eyeing an IPO and looking to strengthen its financial position since 2021.
Steve Huffman, CEO of Reddit, delivers remarks on 'Redesigning Reddit' during the Web Summit in Lisbon, Portugal, Nov. 8, 2017.

More than 6,000 Reddit communities have gone dark and are restricting access to protest the changes to the company's developer billing structure, beginning Monday morning.

The blackout comes after Reddit told developers that it would begin to charge thousands of dollars for access to an application programming interface, or API.