I have nothing to back this up and I haven't spent any significant amount of time browsing Reddit since the end of June. Yesterday, a search result took me to a section of Reddit and eyebrowsed through a bit. I feel like the people that left were the people that contributed and a lot of the remaining traffic is the people that just browse. Social media and the internet are not like real world businesses that just tank. Online social media is made up of the people who view it and the people who contribute to it. Facebook became boomers, memes that aren't as clever as people who post them think they are, You're great and posting pictures of a family reunion you didn't know existed, and a substitute for craigslist. It didn't used to be that way, but I think overall they would say their numbers are solid. Social media evolves, and Reddit is evolving in a direction, that a core group of users who I speculate were some of the more useful contributors, don't want to participate in. We're not going to wake up tomorrow and find Reddit gone. But will it ever truly be the front page of the internet again? Will it ever be where I'm glad my search took me for a specific tech problem? Will information that used to be on individual bulletin boards scattered throughout the net which had centralized on Reddit remain on Reddit? Reddit will probably cash out in some way and we'll be left with the Facebook equivalent of Reddit. If that's something that quality contributors don't want to participate in, then it will be even more akin to Facebook. So is it going to go away? Probably not. Could you argue that it's basically already gone? I would say it's at least headed that way.