While I don’t expect there’s going to be any meaningful impact on Reddit once the dust settles, I do think this will bring a lot of new users to the Fediverse.
Reddit losing a few hundred thousand users is a drop in a bucket given their user base, but it is a significant boost for us.
I think it will make a noticeable impact to Reddit. And maybe the initial impact won’t look very big but when a large group suddenly sprouts up somewhere else, and that group is largely the active, community driving members, thats going to have an impact.