And? The sub-reddit is still there. (and they're still holding)
This isn't the first time it went private though. But this and Discord and the media smears looks close to coordinated for different reasons. Huge media coverage and mass attention doesn't mix well for /r/wallstreetbets.
Also, as for those who have GME and see the stock tanking, great time to buy more until the run up to Friday's great squeeze.
EDIT: Aaaaaand the sub-reddit is back. Told you.
http://reddit.com/r/wallstreetbets