this post was submitted on 10 Jun 2023
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I think that was definitely the impetus - I first read about the changes in this article back in April: https://www.theregister.com/2023/04/18/reddit_charging_ai_api/
The closing statement is interesting:
I suspect they ran the numbers and started seeing dollar signs - they don't care about the third-party apps (which don't make them any money directly), they're just trying to cash in on Microsoft etc.
I have a sneaking suspicion they're going to end up back-pedalling, but it will be too little, too late.