What happened to those 'little red dots' Webb observed?

When the James Webb Space Telescope (JWST) began operations, one of its earliest surveys was of galaxies that existed during the very early universe. In December 2022, these observations revealed multiple objects that appeared as "little red dots" (LRDs), fueling speculation as to what they might be. While the current consensus is that these objects are compact, early galaxies, there is still debate over their composition and what makes them so red. On the one hand, there is the "ste...