this post was submitted on 05 Aug 2023
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I'm not sure I'd call it a drop, Reddit has a large number of users yes, but most of those are not active users (post or participate daily.)
And that is not touching the massive number of bots that just recycle old content and mass upvote or downvote when they see keywords to drive a narrative.
Reddit isn't gonna collapse any day now, but what remains now is a lot of rot. What actual users are left are likely going to notice and start to migrate away towards alternatives with actual user interaction and not just a series of bots and trolls spewing the same predictable results.