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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A well deserved outcome. Companies need to realize that they are nothing without their customers/users. An undeserved arrogance can only lead to eventual downfall.
To be fair, 3% of traffic missing is not going to be their downfall. They managed to rid themselves of virtually all third party clients in one swoop and had to trade in only a fraction of their monthly engagement - they'll sell it as streamlining.
We'll see how it turns out if all the power users and OC content creators jumped ship, and the platform devolves into a bot-run recycle bin of old memes and content.
Plus if they don't get better moderator tools for people the quality of subs will diminish
I think that it's worth it to note that even though only 3% left, we're a big part of fleshing out a new and improving competing website. Lemmy may not have seemed appealing a few months ago, but holy shit, its taken off in the last month. It'll be really interesting to see how we grow over the next year as we consistently keep leaching people from reddit.
It's also nice to have some of reddits 3rd party app devs, namely Sync and Boost develop apps for Lemmy