Reddit is battling moderators marking their communities NSFW
techcrunch.com
techcrunch.com
If you aren’t willing to leave and the userbase doesn’t significantly decrease it doesn’t matter.
Platform is important but it’s still secondary to number of users and communities in the world of social media.
Most of the subreddits protesting don't have any alternative links listed to a forum or Lemmy, meaning they have absolutely no leverage.
Protesting because Reddit is making life hard for mods and users is one thing. But doing so in a way that is harmful to users means this little social compact isn't upheld.
"Start your own sub" or "just be a mod, bro" would be fine if the mods "owned" the subreddits, but they don't and they shouldn't feel like they do. They are entrusted with it and users generate the content.
There are problem mods. They can break their own rules with no recourse. Complaining about a mod harassing you gets you a "too bad" email from Reddit because they rely on the mods.
Users are the only ones who have no other recourse than voting with their feet. If a user likes r/thing and then r/thing is filled with porn so that the user can't even use it anymore half the waking day, then they will leave and I don't think Reddit is wrong to do something about this.