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Reddit isn't dead. There's plenty of posts and traffic, way more than here. The problem is that that quality has plummeted. Bots posting divisive political shit, bad memes, and toxic commenters. Angry people spurred on by bots and no valuable discussion
As anything with Reddit, it depends on what you subscribe.
It's perfectly possible that this person sees the site completely dead. Personally, every time I go there it's full of interesting comics raised by some bots that keep reposting old things, and really really bad comments, but still plentiful.
They made some algorithm changes a bunch of years ago (2015?), and migrated away from the concept of "default subs". The front page drew from every sub with an algorithm.
TheDonald was very good at understanding and abusing that algorithm, resulting in it overrunning the front page for everyone. They had to tweak it a bunch as a result.
IMO, this resulted in a great homogenization of communities. People participate in communities without really understanding the communities. Why should they? The "community" is just "the Reddit front page".
As soon as any community gets popular enough to hit the front page, it becomes hive-minded, predictable, and bland.
Lemmy actually has this same structural problem... Evidenced by the fact that as I write this comment, I actually have no clue what community this post is in.
I think Lemmy just hasn't been overrun w/ bots (yet), isn't being as heavily invested in by bad faith foreign state actors (yet), and is mostly composed of people who moved from Reddit who want to actively participate in a way to keep it from having that same Reddit "flavour".
Just my take.
I'm sure it's nothing and everything is fine. Now, who wants to buy some of this Reddit stock? I'll cut you a special deal so you don't miss out! ... Anyone?
I like how the user claims 2016-2019 as good years. From what I remember, the 2016 election was when reddit started turning to trash with the political astroturfing and right wing trolls making bad faith arguments. When was the crazy with the totally-not-staged crazy doorbell camera videos?
Wait what. Right wing presence was gradually purged from 2016 onwards. The main change that period is the site having become a hyper American left-wing echo chamber. And the American part is important since leftism in other traditions tend to turn eyes at American progressives