No. This latest monetization grab has exposed a lot of wrongs with Reddit and the way that its employees and owners think. It fundamentally makes us question how the modern web was taken from the people.
If anything, the past two weeks of Lemmy proves that individual and community ownership of the Internet is not completely dead. It doesn't have to be the same four or five companies owning everything on the Internet. There is a better way.
I think Reddit is permanently harmed. The numbers of comments on posts have dropped in every sub. People will be wary of posting quality content there anymore because it's going to be owned by, and monetized by Reddit. Nobody wants to provide free labor for someone else to copyright and make millions. The quality posters are gone, back to their specialty forums or chat groups. The people who stayed behind are the low hanging fruit and probably not worth discussing anything with.
This was Reddits Slashdot moment.