It’s probably more likely that we’re losing more of the “Fediverse is just Reddit 2.0” kind of people - which is great because that’s 10k or w/e less Redditors that’ll go back on the platform they actually want to use.
Fediverse doesn’t have an ocean of communities and content (yet), but that’s fine with me since I’m more active here and trying to offer more insightful comments outside of the Reddit staple “this” kind of comments.