I think it's better for everyone if we can find a way where one entity can no longer own/control the contributions of a community and unpaid moderation.
What can Reddit possibly do now to ensure that it won't act in a way that's against the interests of the community? Reverse the API strategy? They already said this year that the API wasn't changing, then they changed it. If I was an app maker there's zero chance I'd trust anything they said now. It's done.
Lemmy has some momentum now with the rush of new users. This will hopefully start to create some quality content. When the next wave of protests come, maybe after the 30th, hopefully those that come to seek a new home will find these places filled more with the kind of content they expect, along with some UI improvements and stability that people are feverishly working on right now.