What do API and 3rd party apps have to do with social media platforms?
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An API is a tool used to allow other people to access data you have in an organized and streamlined fashion.
Reddit’s actual underlying database that has all the comments, posts, upvotes, etc. is (currently) pretty open. If you want to build your own custom Reddit app you could do so. You would build the front end website that the user interacts with and, whenever you need the information from Reddit’s database, your site would just be using Reddit’s API to get the data.
I’m not super read in on the situation, but it seems like Reddit is considering charging these 3rd party apps a prohibitively large amount to access the Reddit database through the API. This means that these sites will, effectively, be shut down if the cost of getting Reddit’s data is unaffordable.
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