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.
That title is a bit misleading. Reddit mods might have stopped protesting, but the news of the implosion was quite significant. The existence of Lemmy is a testament to this. I don’t think their IPO is going to be as strong as they had hoped. That financial impact is quite opposite of the victory they claim to have achieved.
Also, the posts on Reddit and the responses have declined in quality in my opinion.