Right? This was always bound to happen. The only way it wouldn't be innevitable would require Reddit be a non-profit or co-op or equivalent. Which it certainly isn't.
I also agree, the sudden breath into the fediverse (I've been poking my head in since I ran a nextcloud instance and they had a plugin for the fediverse called nextcloud social.). This place isn't just a handful of OSS developers and enthusiasts anymore, but something starting to resemble a community of all types.
It reminds me of when Reddit was good, way back in like 2010 (for me) - but it feels more consequential now!