You say that but many specialty subreddits never returned to their pre-protest engagements. Quality has definitely taken a nose dive in these subreddits as those people moved to other platforms like youtube, tiktok, patreon, or just posting on their own sites.

Mods were rightfully upset because they were losing control of their communities when reddit preferred only caring about their upcoming IPO.

I honestly don't think you could remake reddit if you did everything exactly the same starting in 2016. Corporate social media has definitely ruined the individual aspect of social media that is unlikely to return.

No one wants to share on a place with a bunch spammers.