Similar to Mastodon's spikes last year, it seems. Anyways, there is data to think about. Source
this post was submitted on 06 Aug 2023
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I think people who've only ever known reddit/instagram/twitter will find it dull, but this is still a relatively active place with quality users and mods.
The bigger and more reddit-like it gets the harder it will be to moderate and the more expensive it will be to run. Things are fine right now.