Exactly this. Companies like Reddit these days are so disconnected with their userbase it's insane. Of all the millions of things Reddit could do to make their platform a better place, they choose to basically remove the services that everyone liked (the 3rd party apps) and not only that, lie to their users (as with the case of Apollo "blackmailing Reddit for $10 million") and double down on them. It sickens me how ignorant they can be, but I guess that the hard lesson we can all take away is that with money and power comes corruption.
Have a conversation, run polls, A/B test, etc. And be transparent while you’re doing it. These tools are nothing new when developing a service. Why ignore everything?
I mean, based on how dramatic the increasing in price the API was, I wouldn't be surprised if Reddit already knew what the public reaction would be, considering they'll probably also receive considerable hate for even contemplating the decision. Of course they just didn't give a second thought and just went with it.