Reddit communities with millions of followers plan to extend the blackout indefinitely

Moderators of many Reddit communities are pledging to keep their subreddits private or restricted indefinitely. For the vast majority of subreddits, the blackout to protest Reddit’s expensive API pricing changes was expected to last from Monday until Wednesday.

And this year, presumably after seeing Musk get a fee model for the Twitter API, Reddit also became envious and began to learn.

CEO explanation: is really no way (determined not to change)
Huffman stressed in an open letter to the network: Reddit needs to become a self-sustaining business

The reason for the charge
shortage of money
Reddit has a history of raising more than $1.2 billion, so why is it suddenly in such a hurry to get money?
In an email to employees on June 7, the CEO said he was laying off about 5% of the staff (about 90 people).
He also said Reddit would reduce hiring to about 100 people during the year from an early plan of 300.
It's not news that tech companies are cutting costs and increasing efficiency because of the bad economic climate.
Although Reddit is a private company and has no public financial information, the plan to cut staff and reduce hiring shows that Reddit is now really poor money.

Doesn't want AI companies to use data for free
In its research, OpenAI revealed that Reddit is one of the vast resources it uses to train its underlying AI models.