I’d also say the brand reputation has taken a pretty decent hit with their awful handling of the situation. With an upcoming IPO you think they would have handled it carefully but they just seemingly YOLO’d it

The users aren’t the value in reddit, it’s the content creators and savvy community members that respond to questions and leave useful content in their own right. Reddit lost a number of those, and those users are forming the nucleus of their demise.

They solidified the establishment of competing services (kbin, Lemmy). Many of us would’ve never even considered using them otherwise. It may not have hurt them a ton in the short term, but they’ve helped set up their competition.