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.
Yeah, Reddit managed to suppress the protests, but saying they won is just not knowing the full story. From Reddit’s point of view, this has always been about their IPO, but all this mess did nothing to help with it. In fact, we even got that infamous spez quote saying Reddit isn’t profitable, which can only make things worse for them.
When they finally decide to push for their IPO and they aren’t unable to provide the profits the investors want, then the enshittification will just accelerate and people will start leaving.