I think Reddit faces more potential downside here than other similar platforms might, because of the popularity of third-party apps among key contingents of the

I think Reddit faces more potential downside here than other similar platforms might, because of the popularity of third-party apps among key contingents of the site (particularly moderators), and also because of the missteps that management has taken dealing with the API changes. If they lose even 5% of their traffic to this debacle they've made a bad decision, IMO.