The last major holdouts in the protest against Reddit’s API pricing relented, abandoning the so-called “John Oliver rules” which only allowed posts featuring the TV host. It's the official end of the battle. The Reddit protest is over, and Reddit won.
Be that as it may, the quality of Reddit’s content has dropped significantly. The people who left were the heart and soul of the platform. And the ones who didn’t leave are still pissed. Bluntly, the site’s gone to shit. It will not recover.
Will it shut down? Probably not, but that’s why I said “in every way that matters”. Digg hasn’t shut down either, even after all these years, but it has become completely irrelevant. Just give Reddit time to bleed out and it will be the same.