Similar to Mastodon's spikes last year, it seems. Anyways, there is data to think about. Source
this post was submitted on 06 Aug 2023
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It's because Reddit is still alive and well and Lemmy just doesn't offer enough to be a serious alternative (yet)
This is how the Digg to Reddit migrations worked. Initial wave wasn't a death blow but things will keep maturing on Lemmy. By the time Spez upsets people again on Reddit, we will likely see another big wave - hopefully moderating tools are improved enough by then.
Digg and Reddit were roughly equivalent platforms, it wasn't a David and Goliath situation. Killing reddit will be a long hard road, but have we considered there are lots of people (maybe even most of them) that we would prefer that they stay on reddit?
Reddit was a long-ish road too. The first wave in 2007 got folks like myself to make their first Reddit accounts but it wasn't until 2010 that people really started migrating over en masse.
Not everyone will switch, but it's likely enough of the more active folks will to fundamentally change its character.
The renaming of Twitter to X would lose popularity because the domain is already blocked in key countries. X has become a free-for-all wasteland that is already tainted with bigotry and violence.