Reddit is like the restaurant you’ve been going to for several years that was a mom & pop operation with awesome food and atmosphere. It got popular, and the owners made it a chain, so you could get the same food in a lot of different areas. The quality started to go down as they expanded, but it was already very popular. Then the owners started raising the prices, and the atmosphere started to get way less awesome. At some point, you realized that it’s not the restaurant you fell in love with, and it wasn’t a good value anymore, so you started looking for a similar kind of restaurant that was more like that one was early on. But the chain is still really popular, and a lot of people just keep going because it’s what they’re familiar with and they know the menu - they don’t want to go to the work of finding a new place and they’re content with what they’re getting there. The people who have left are a drop in the bucket so far, and the chain restaurant is likely to continue operating for the foreseeable future.