I honestly think this was a finishing blow to reddit, which had already started declining in ~2019 due to TikTok and (anecdotally) an aggressive user acquisition strategy that had led to a big decline in content/discussion quality. Or even earlier, as mobile users replaced desktop and so things like long-form replies with links died off.
The biggest problem from the blackout and API drama isn't that some clients had to shut down. It's that, as a new user or a user that only uses the platform a little, it's much harder to discover good content organically now that most subreddits are NSFW or not on the /r/all feed. Even as someone who used reddit way more than any human ever should, I find the site a lot harder to use because I have to expend a lot more effort manually curating my subreddits when previously I could exhaust my personal feed and then just switch to /r/all - and I don't think I could ever discover some niche or zany community I didn't know about beforehand since I'd have to know to look for it to find it.
Since I doubt I'm alone in this, I think it's the beginning of the end for Reddit. It'll be a lot harder for new communities to form, existing small/medium/focused communities will struggle to gain members, and new users will probably think the site is empty and leave.
The biggest problem from the blackout and API drama isn't that some clients had to shut down. It's that, as a new user or a user that only uses the platform a little, it's much harder to discover good content organically now that most subreddits are NSFW or not on the /r/all feed. Even as someone who used reddit way more than any human ever should, I find the site a lot harder to use because I have to expend a lot more effort manually curating my subreddits when previously I could exhaust my personal feed and then just switch to /r/all - and I don't think I could ever discover some niche or zany community I didn't know about beforehand since I'd have to know to look for it to find it.
Since I doubt I'm alone in this, I think it's the beginning of the end for Reddit. It'll be a lot harder for new communities to form, existing small/medium/focused communities will struggle to gain members, and new users will probably think the site is empty and leave.