The end result was a stalemate. Reddit did not change any of its policies. Enough of the people responsible for posting and managing content left the platform to cause a noticeable impact on it.
All of the most popular subreddits show a steady decline from 2019 to present, with a sharp drop in July 2023. Once this happens to a platform, it's rare for the platform to ever get those users back at scale. It's safe money that Reddit will now be a zombie platform, a la Slashdot -- still up and running with some users, but with flat or declining activity forever.
Here's a fun thing to look at, https://subredditstats.com/ for any major subreddit, e.g.:
https://subredditstats.com/r/worldnews
https://subredditstats.com/r/explainlikeimfive
https://subredditstats.com/r/videos
All of the most popular subreddits show a steady decline from 2019 to present, with a sharp drop in July 2023. Once this happens to a platform, it's rare for the platform to ever get those users back at scale. It's safe money that Reddit will now be a zombie platform, a la Slashdot -- still up and running with some users, but with flat or declining activity forever.