I am actually glad about it. Lemmy represents a fundamentally different model for how to organize and pay for an online social network. It turns out that you don't have to monetize socializing if you don't want to. The worse Reddit becomes the more people will look for an alternative and the more people will be exposed to the concept of "maybe we can just chip in for server costs when we can" as a way of running social media.
In German we have a great proverb: "better a terrible end than unending terror" (rhymes in German, no good equivalent in English).
It's sad that things "ended" the way they did, but it's great that we're finally in an actual open ecosystem which can't be milked and changed the way Reddit did.
There's a regional saying I like even more: "Et kütt wie et kütt, un et hätt noch immer jot jejange". Roughly: things come as they come, but so far everything turned out well :)