Community oriented websites have no growth potential once you've mined the community.
Of course Reddit is just doing a lot of things to sink community engagement so this is just par the course.
One of the most recurring things I see here is the mods are at wits end with Reddit Admins again. They've given up a lot of leverage in doing another blackout, but they really need to ask themselves what they have to gain being unpaid volunteers for a website clearly working against its users.
I hope he does something stupid like buy Reddit.
I think I linked to it before here months ago but Reddit won't let mods go dark without prior authorization. The mods basically gave up any means of meaningful protest outside of leaving by capitulating during the API revolt.