SimilarWeb has just released traffic estimates for June. According to these estimates, Reddit's traffic has seen a 3.36% month-over-month decrease.
For comparison, here's how traffic has changed for other popular social networking websites:
Source: https://www.similarweb.com/website/reddit.com/#overview
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Would be interesting to see engagement metrics as well.
Yeah, even just 3% could be very meaningful because it could be a lot of content creators who hopped ship.
And judging by how much content we have here on Lemmy - yeah, I’m thinking Reddit lost a bunch of valuable users and will only get worse with time.
That's the key point. More than 90% of their users never post, comment or even vote.
Similarly, what remains are increasingly concentrated bots.
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Look at r/subredditsimulator... Reddit admins were experimenting with AI content and comment generation, and had been for a while.