I'm not a huge fan of social media (SN is my first active use of any social media in years), but Reddit is a very useful site for getting information about a variety of topics. I will often prefer it over a traditional Google search with all of its SEO-optimized bullshit AI-generated listicles.
I don't really know what's going on over there but it seems a lot of users are pissed over the API cost changes. I actually don't think there's anything immoral or wrong with charging for access to information. Reddit has salaries to pay and servers to maintain. However, the users are the real value creators on all social media, so I think that the SN model will speak to a lot of them. You basically say "you let us run the business, but you will be paid for the value you create". I love it and I think many others will too.