The last major holdouts in the protest against Reddit’s API pricing relented, abandoning the so-called “John Oliver rules” which only allowed posts featuring the TV host. It's the official end of the battle. The Reddit protest is over, and Reddit won.
They think that the people who are left are more valuable than we were. At least in terms of data collection and ad views, they are probably right.
In the long run, chasing away the power users will probably harm the platform, but it’s not immediately clear.