my guess: mission accomplished from reddit's perspective. they lost more than they did during the ellen pao blackout but gained enough users to make up the difference, have more paid subscribers than they did previously and are probably saving a ton of money from all of the API traffic from the 3p clients that were kicked out.

lemmy is more popular than voat.co (shut down in 2020) but still far from a reddit alternative.

(I deleted my 12-year-old account and all of the posts/comments I made with it, and I use the site much less than I used to.)