https://arstechnica.com/gadgets/2023/06/reddit-ceo-assures-employees-that-api-protests-havent-hurt-revenue/

There are nearly 8,500 subreddits that are private or read-only right now in protest over Reddit's upcoming API price hike. The protest started on June 12, crashed Reddit for three hours, and is scheduled to continue until June 14. Reddit CEO Steve Huffman, according to an internal memo reportedly viewed by The Verge today, isn't too worried, though, since it hasn't hurt Reddit's pockets yet.

According to The Verge (where you can view the full memo), Huffman sent the note to employees on Monday afternoon. It starts by noting the "challenge" from the Reddit API pricing protest.