I don’t see why you should be miffed at all, Google can bully publications and unindex them and it will work. Reddit according to this: https://www.semrush.com/blog/most-visited-websites/ is the third most visited website after google and youtube, so they have a bit more power, lots of people google with “site:reddit.com” because it still has some useful content like that and I am going go out on a limb and say that US visitors are the most important for selling ads for Google.

Microsoft will have to make it’s own value calculation whether it’s worth it and they will likely payup, although more and more of reddit is just bots posting stupid shit.