This is hilariously stupid. I mean, just painfully stupid. And, yes, it's real.
@mmasnick APIs were created as a more efficient way of getting to data versus web scraping. So when he killed API access, of course devs turned back to web scraping to get the data.
No doubt that created additional load on the servers, so he thinks limiting access to the data via requiring an account to view tweets and rate limiting web resources is a good solution.
But now he's just limited ad exposure. Aren't ads a large driver to revenue? So, yeah, this is tremendously stupid.

