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this post was submitted on 29 Sep 2023
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Only a good 0.1% of reddit actually "creates content" with the rest having only engagement via comments. A good 99% of those also don't do anything but lurk.
The people that make the content are also the ones more likely to switch to alternatives.
It's an engagement loop so while the amount of signups and accounts is unchanged, there is simply less content to keep people around and to monetize.