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The Reddit Protest Is Finally Over. Reddit Won.
(gizmodo.com)
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this post was submitted on 05 Aug 2023
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They didn't win, they just didn't fail as badly some had hoped. What was accomplished was spreading out a fair portion of their user base. Maybe not a huge percentage of it, but enough that they don't have the same level of monopoly. People are more aware of other options (and Reddit's flaws), and more will depart in time.
Reddit assisted their competition. Lemmy use doubled.
It's still a drop in the ocean for reddit and the people who left (or just spend less time on it) were never the target audience of this "new course". Reddit will be just fine.
I'd argue a lot of the people who actually add value and produce content (for fun, rather than for profit) have left or want to. And those people are what grew reddit in the first place by making it somewhere worth going.
Perhaps reddit will end up just like all those sites that just repost shit from reddit... Except it won't be reddit anymore.