Incredibly sad to see corporate greed takeover. It's only a matter of time until they remove the old interface. I will definitely stop using Reddit altogether on mobile. It'll be quite hard for me to stop using it on desktop, but I might just give it all up on June 30th.
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I'm hanging on to my account until June 30th—so I can say a bittersweet goodbye to Reddit is Fun—and then I'm deleting it; Reddit is only going to get worse from here, and I don't want to be around to see it. I'm grateful that this mess has driven so many of us to seek out kinder, more thoughtful communities, and I hope said communities can retain their exceptional cultures as the Reddit exodus continues to escalate.
This is my take. Reddit has been on a trajectory towards enshittification for a long while. The API thing has created a focal point where a lot of people are passed off at the same time.