I tried to post this on /r/memes but apparently you need to have more karma to post there ... Feel free to repost it on reddit if you want to.
The cringe thing about most of these "protests" is that they don't realize that increased engagement on Reddit benefits... Reddit, I haven't seen a single major sub inviting its members to migrate to Lemmy or Kbin. The adrenaline shots that they get from posting on Reddit are just too good to even consider migrating, those spez slaves are addicted and a lost cause.
These protests continue because the people doing them want to stay on Reddit. They don't want to kill engagement. So, they're not actually going to do the things that have large scale impact on the business, like starting their own website and announcing tma move.
Mods from large subreddit could have spun up Lemmy instances, directed people to them, and had functioning and busy communities, possibly even pulling in enough community donations to pay themselves for moderating, at least a little bit. But they don't want that.
They want things to not change.
Moderators of large subs are some of the the most addicted people to Reddit.
But that said, I can understand it. We have to remember that where features are concerned, we're not even close to Reddit. The reason to migrate here is mostly an ideological one (from disagreement with the Reddit admins' actions) and perhaps some future potential.
Reddit still has far more functionality, including vastly better modding tools (which are extremely lacking here -- beehaw defederated from some of the biggest instances because they lacked any other tools for dealing with users), better uptime, vastly better UX (there's soooo many meta posts every day from people confused by the poor UX), support for videos, larger communities, more developed apps (we only have early stage alphas here), etc. All these things are barriers that will make some users write off Reddit alternatives as simply not good enough (yet).
I've heard through the grapevine that references to Lemmy and KBin are being removed by Reddit like Twitter was doing to Mastodon.
I'd test it but that site has a special place in the Pi-Hole blacklist.