There are nearly 8,500 subreddits that are private or read-only right now in protest over Reddit's upcoming API price hike. The protest started on June 12, crashed Reddit for three hours, and is scheduled to continue until June 14. Reddit CEO Steve Huffman, according to an internal memo reportedly viewed by The Verge today, isn't too worried, though, since it hasn't hurt Reddit's pockets yet.
According to The Verge (where you can view the full memo), Huffman sent the note to employees on Monday afternoon. It starts by noting the "challenge" from the Reddit API pricing protest.
"We do anticipate many of [the subreddits] will come back by Wednesday, as many have said as much. While we knew this was coming, it is a challenge nevertheless, and we have our work cut out for us," the note reportedly says. "A number of Snoos [Reddit's nickname for employees] have been working around the clock, adapting to infrastructure strains, engaging with communities, and responding to the myriad of issues related to this blackout."
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source https://arstechnica.com/?p=1947571