I posted this on a Reddit thread this morning about the effectiveness of the blackouts and what happens next:
Some people have just shut down and will never look back. Some just don't care and need their Reddit fix. A LOT of comments on these types of threads are Reddit bots/employees trying to run a propaganda campaign to stop the shutdown. Most of the users though (IMO), are probably like me and opened up a Lemmy, Mastodon and Kbin account and are using all of them. Lemmy and Mastodon will continue to grow (2x-3x in the past week) and users will continue to migrate over and spend more time there than here until Reddit feels some pain. Reddit will eventually make some grand gesture like replace the CEO or "compromise" on API pricing, but it will be too late and the glory days of Reddit will officially be over.
The issue is that the momentum to go to other platforms has started. Reddit had their chance to stop it and stay the dominant platform, but the CEO is inexperienced and didn't know how to handle it. Until a few weeks ago Reddit had no real competition, but Spez fucked up big time and now the blood is in the water. The Fediverse is a great idea and takes social media out of the hands of corporations and puts it back in the hands of the users (does anyone remember IRC?). It didn't really have a lot of momentum until now, but its got a LOT of press because of Reddit's fuck up and now it's going to be a slow juggernaut sweeping not only Reddit's market, but Twitter (Elon is just as big a fuckup as Spez), and Facebook.
I would bet $20 that this time next year Reddit will be 50% or less of their market, and several other alternatives will be growing faster than we've ever seen platforms grow. Alternative platforms already have the formula for a successful project. Reddit did all the experimentation, now the alts just need to copy the look/feel and features to knock Reddit down to the Digg dungeon.
Billionaires seek to control the media and the narrative, but Fediverse is harder to simply buy and control. Profit seeking corporations will always put profit first, and we've seen time and time again that it's the "product people" that make a company great, and the "business people" who kill it. The capitalists will continue to kill long term growth for short term profits, but Fediverse can't be killed that way. We've just seen the beginning of the new internet revolution.
Keep in mind that Reddit is running a propaganda campaign to try to squash the blackout. Notice most of the comments are almost exactly the same. As we saw with Trump, all it takes is a few well placed comments to stir up dissent and get people to parrot dumb talking points. Reddit can easily manipulate votes and comments to make it look like most people don't care, but obviously they do, because there was the biggest blackout I've seen on a social media platform ever.