The Reddit we all used to know is dead and gone. It used to be an incredibly flexible platform for developers, mods, and users but apparently it's not "profitable" enough to keep that. Reminds me of how Apple designs their platforms; keep users in a predefined box and make it very difficult to customize the user experience meaningfully.
I still prefer for Reddit to exist though. If not for anything else but to keep bots, spam, and malicious users away from smaller sites and overloading them. I am not too upset that the remaining Reddit mods will have to deal with that.