this post was submitted on 29 Jun 2023
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Schadenfreude is real with this one but I have to wonder will it last. No doubt Reddit will be smaller after this (as it already is from like 55M to 52M users) but they'll eventually get their shit somewhat together, maybe it'll demand admins to be more hands-on by changing mods etc. (since the ones picked in a rush won't be all winners).
Either way it'll probably a lot more straining on corporate end when for now Reddit itself has been pretty hands off. I don't think it'll die over night or a year even. It'll slowly dwindle until there's nothing but wasteland with few stubborn users.
A significant fraction of those 52M "users" are either abandoned accounts or bots. And there are also quite a few semi-abandoned ones like mine, that are only kept alive until they're completely purged of any content Reddit might derive value from (since you can't edit or delete comments/posts in subreddits still set to private).