Yes. They are making other search engines less useful through what is functionally an exclusivity deal. They are also relying on Reddit to function as useful results since they ruined google search over the past few years. They’ve enshittified their own product and now they are making it everyone else’s problem.
This is bad for anyone who thinks we should be able to search the internet without being locked into google. The door this opens is awful as well - what happens as this practice expands and you suddenly need multiple search engines to find things online? What happens when a search engine cuts a deal with news outlets?