I'm sure many will go back to Reddit but some wont. I for one will be staying on Lemmy as I've found it a breath of fresh air.

I’m fully committed regardless of how good the replacement is. I paid for Reddit premium every month since 2016 to try and support the thing I loved. I gave out 65+ gold before premium to also support a thing a loved.

I cancelled premium after the AMA and deleted Apollo. No going back period.

This might be why they have not seen a monetary hit yet, it won't be until people's premium cancellations hit that Reddit will see a cash flow issue.

The Humanist Report on YouTube lost monetization last month and he slowly saw his subscriber count drop day by day as people's subscriptions got canceled instead of renewed after 31 days he was somehow still at 9 subscribers. Fortunately he did a video and called out YouTube and people went on his patreon to fund him instead of him relying at all on YouTube. He got monetization back but you can never trust YouTube to not screw people.

Google has been evil for a while now
"Do~~n't~~ be evil"