If a moderator team unanimously decides to stop moderating, we will invite new, active moderators to keep these spaces open and accessible to users. If there is no consensus, but at least one mod wants to keep the community going, we will respect their decisions and remove those who no longer want to moderate from the mod team.
As a result, some subreddits such as r/Apple made the decision to continue the blackout indefinitely, which means millions of Reddit users no longer have access to those communities. It seems Reddit plans to forcibly end further blackouts by removing entire moderation teams that are participating.
On Monday, Reddit CEO Steve Huffman said that the blackouts had not caused "any significant revenue impact so far" and that while there was a "lot of noise" amid the planned two-day protest, it would "pass." In an interview with The Verge today, Huffman further said that Reddit's API was "never designed to support third-party apps" and that the apps don't add much value to the site. Reddit created its API for "tools, bots and enhancements to Reddit," according to Huffman.
Reddit also just published a blog post with "key facts" about the API updates. In the post, Reddit says that "dissent, debate, and discussions are foundational parts of Reddit," and that it respects the right of its community to protest, so long as mods follow the Moderator Code of Conduct. The Moderator Code of Conduct is what Reddit is citing in messaging to moderators about moderation teams being removed from closed communities.
Moderators and Reddit users are unhappy with Reddit's decision to charge an unreasonable amount for its API, and for the short 30-day timeline that third-party developers have been given to adopt the new API fees.
Apollo developer Christian Selig determined that adopting the API would cost him $20 million per year, leading him to decide to shut down his app on June 30, a day before Reddit begins charging. As of July 1, there will be few if any third-party apps for viewing Reddit content, pushing Reddit users to either the Reddit website or the Reddit app.