If Lemmy ends up with enough interesting content that it supplants Reddit as a source for vapid YouTube channels’ content, I see that as a win for Lemmy.

I’d argue it is, because of the damage they’re doing to their brand.

I’ve said it in a couple other threads, but Reddit has other ways they can monetize their 3rd party app users, such as requiring subscriptions to use third party apps, or even by simply giving third party app devs a longer lead time to change to a paid model. Instead of doing either of those things, the CEO had a tantrum and alienated a bunch of people.

Exactly – this is almost certainly bad for Reddit’s business at this point. The problem here isn’t necessarily capitalism so much as it is a egocentric CEO gone mad with power.

That’s definitely on my Lemmy wishlist – some way to create merged communities. As it is now, there’s too much potential for fragmentation across instances.