Everyone's talking about enshitification, but they're also just extremely late to the game. The rest of big tech monetized a long time ago and pissed off their users, but managed to keep a solid amount of their users and the rest went... to Reddit. I guess I understand a corporation's need to monetize, but when you built a platform that was meant to be different than the rest you're definitely going to experience some pain when you decide to be like them.
Reddit will most definitely survive this and maybe even be profitable in a few years, but they'll have completely given up what they originally stood for to do so. Personally, I'm just happy this whole thing gave me a push out the door and a place to migrate to, Reddit was already turning into a place I didn't want to be long before this.