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Would you pay $17 a month for Facebook and Instagram?
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Reddit on the other hand, is objectively a complete waste of time.
Is it though?
Before reddit we all had to visit dozens of different websites daily to get the same amount of news we get when visiting one single site (reddit) today.
If you cut out reddit you will have to go back to visiting a bunch of different sites again.
So, in a way reddit saves you a lot of time.
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They promise not to track you on FB itself, that doesn't mean they will stop tracking you on other sites and your interaction with other FB friends who have not paid for the subscription.