It was my experience that Reddit stopped caring about its users a long time ago. I am convinced that Reddit unofficial motto is: "Moderators own the place they operate and are free to do whatever they want with it". So it isn't a surprise that the admins think they can do whatever they want with the entire site.

For a less popular opinion, I don't sympathize at all with the reddit moderators who are up in arms about the API problem. They have had full, unfettered control of their subreddits where their power is near absolute and they enjoy pushing their own views and punishments on anyone they don't like. But now that a higher power is enforcing their rules on them, they cry oppression (see u/awkwardtheturtle and the moderators of r/art). It is pure hypocrisy and almost hilarious to me.

I know not all moderators are the same, but with the way reddit is designed, power is only exercised in one direction and power abuse is unavoidable. The very culture of reddit at its core is flawed now and I think it is funny that only now, when the higher caste of redditors, who are in the minority, started to get affected that we see some calls for action.