Global Reddit blackout causes widespread service disruption.

Reddit experienced a major outage on Monday, which the company attributed to the thousands of subreddits going dark in protest of the site's new API pricing terms. Over 7,000 subreddits have gone private or read-only, with some choosing to stay private indefinitely until changes are made. The new pricing will potentially be prohibitively expensive for developers, with some estimating costs of over $20 million per year. Despite user backlash, Reddit CEO Steve Huffman has stated that the company has no plans to change the API pricing.