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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I suspect half that drop is from me alone, lol.
Reddit lost a LOT of their power users. Even if the general traffic isn't that badly dented, it means a lot of the best content and conversations will not go back. Reddit will spiral down to a 9gag clone.
I lurk the frontpage occasionally and I've already noticed the Reddit atmosphere has gotten ... weird.
Little-known, content-churning subreddits are bubbling to the top because of all the other blackouts and desertions. Fringe viewpoints and wacko opinions that would normally get downvoted to the bottom of a thread are now out in the open because there's no voice of reason to hold them back.
And the kind of people that are still on there, acting as if everything is fine (or, God forbid, better(???) than it was before the revolts) ... it's a very strange place now.
The meltdowns are something else.
On one smaller sub that participated in the blackout people were seriously accusing mods of rigging the votes to stay closed for longer. Of course nothing actually indicated that, and neither did they present any evidence, they just couldn't stand not getting their content.