Is there any evidence that Reddit has suffered at all from the exodus to Lemmy?
Was there even a mass exodus? I largely avoid Reddit now, but I do kind of doubt that they've been hurt in any meaningful way by all the protests and people leaving...
The effect is going to be long term. The most active users (usually 10% posters, 1% content creators and mods) were the most affected by the changes. Those are also the most vocal. And, probably the first ones to move here. Once those move reddit content will get worse over time which will make the other users move (89%) too. So yea, don't expect short term impact. It's the long run that matters
The short-term is that reddit is scrambling to try to maintain the appearance of normality. Calling for volunteer moderators (Always Were.meme), and talking about their decreased financial stream show this. The rest is gonna be longer term knock-on type effects.
Ultimately though, as many others have said, I'm here and I'm not going back, so while the bad news is a little cathartic, I mostly don't care. Will they completely die, probably not, but they are dead to me.