Well, with a mostly anonymous platform like Reddit, there isn't the same user lock-in, so alternatives, like Lemmy can be shifted to more easily.

With Facebook, you're dealing with IRL friends and loved ones. Those connections lock you to Facebook. Since you're locked in, advertisers are locked to you through Facebook's ad systems, and they can enshittify the whole platform without losing much engagement.

I don't know of anyone who uses Reddit to stay in touch with friends. Sure, we're almost all on there in some way or another, but not for that reason.

So abandoning the sinking ship that is Reddit, can be easily done, unlike Facebook where you, and your friends, and their friends, and your family, and your families friends, and your families family, all pretty much have to unanimously agreed to leave Facebook for another platform all at once. That way everyone can stay in touch.

Organizing an exedous of that scale and magnitude is essentially impossible.

With Reddit, users can kind of trickle over individually or in groups as they see fit. Not tied to Reddit for their social interactions among their friends. Most creators, even those with subreddits, can easily post on different platforms and for the most part, they do. So users can enjoy their favorite creators away from the Reddit shitstorm, if they want. So there's a lot less user lock in on Reddit compared to other platforms, making enshittification a good reason for many to leave.

Bots can't keep the site running and popular. That's just not how this works. So, as people figure out that competing services (again, like Lemmy) exist and migrate away, Reddit will eventually tank and go under.

At least, that's what I'm seeing.

Depending on how that money is (mis)managed, the death spiral could take years or longer. If there's enough mismanagement, it may be much less. We'll see.