That said, perhaps moderators and users should be willing to admit that Reddit produces some of the value here. Every voice I've heard is, "we do all the work", "we produce all the value". It's also comical to hear moderators say that when the users of their subreddit could make the same claim trumping the moderator.
Right now the mods seem to be flexing their muscle, showing that Reddit has allowed them too much power, rather than showing the actual need for an api. In all of these discussions, I haven't seen a single video detailing side by side how necessary the third party apps are. Just claims that everyone needs them and uses them.
Reddit, of course, seems hell bent on making their UI worse and worse. I don't know what their play is or how they plan on getting paid for it. I have to say, though, for a free product their ads are among the least intrusive I can think of.
Every subreddit is just a click away from moving, though. I see some doing it. But a lot of those subreddits enjoy the influx of users that reddit brings them (until they don't, of course).
Reddit brings the platform, users bring the community. If Reddit flexes their muscles to force users to their will, it's only natural for users to flex back.
I don't know what the right number is, but Reddit has made it abundantly clear with this move that they aren't interested in finding it.
Honestly, I doubt there is one anymore (for me at least). Any trust I had for their corporate leadership before has completely evaporated. If they were to lower the prices to a "reasonable" level now it would indicate that they either capitulated (but didn't get to do what they really wanted and probably will try again later) or they are just being manipulative and wanted to use this as a way to show "goodwill" by bringing the price down.
The concept of the fediverse these days has me hopeful for a time where we don't need to worry about these big dumb corporate interests holding our data and the control over it hostage. Any publicly owned (or private trying to go public) organization with a profit incentive is bound to make stupid, short-term decisions eventually, and this is just one of many of Reddit's forays into that arena. They will continue to get worse and worse, regardless of how effective the protesting is.