Very good opportunity for a Reddit alternative to come in and dominate. Getting rid of old Reddit would be Digg v4 all over again.
Not really. Reddit infrastructure and product development has been subsidized by hundreds of millions in VC funding for almost a decade. At this point they don't even need a good product to stay at the table. Meanwhile to compete you need moderation tools, highly performant and reliable caching infrastructure for media rich content, enough of an ad network the investors believe you can eventually build an ad network,…
That hasn't stopped any company from total collapse before and it won't now. Other social media sites have people somewhat locked in since it's all about staying in contact with friends and following certain people. You need to push the entire crowd at once to have a good replacement, but those sites still die when they screw up enough. Reddit's a place where people mostly read comments, see some funny pictures or news, and then go about their day. There's a lot less keeping people from dropping it and moving on.