I think it would be incredibly naive and foolish to believe Meta has any kind of pure motives for this.
One of the biggest corporations in the world reaching out to its competitor to try to get them to talk "off the record" about "confidential details"... Sounds like a pretty blatant scheme to get them to reveal confidential details about their competitor's product.
Or maybe Meta has broken with decades of its own conduct, and several centuries of capitalism, in order to reach out in good faith to their competitor. LOL.
I don't really understand reddit's angle here... Why would they provide zero cost API access to an app, as long as the developer of the app isn't making a profit? Are they trying to act like that was the issue they had with these third party apps? That they e profitable?
How does it make sense for them to allow an app for that reason?