Excerpt:
Most major subreddits show a decrease of between 50 and 90 percent in average daily posts and comments, when compared to a year ago. This suggests the problem is way fewer users, not the same number of users browsing less. The huge and universal dropoff also suggests that people left, either because of the changes or the protests, and they aren’t coming back.
It's easy to argue why they thought it's not going to happen to them. They saw Facebook shrug off all of its scandals, and thought that being in a similar position, network effects are going to help them weather any storm. And it can be argued that Steve Huffman and his site did weather this particular storm. But like Facebook, trust in Huffman's site have taken a blow, and in the demographic that they would ill afford to antagonize.
That we're starting to see its effects as early as now should scare any sane person in Huffman Inc.