Reddit does not need love, people enjoying it or whatever, they need traffic. Advertisers dont care if you are there just to express how awfull reddit is, they need views.
I would have love to see this shit staying blank.
I think even if users actually abstained, bots would get involved to make place look active. maybe. I don't know how far reddits willing to go to make it seem like they're a good platform
They're going to IPO on the basis of content that's already there. If they have two braincells to rub together they won't make any promises about current and future content and how it gets in.
I don't know if the comparison applies here cause whats happening in reddit is a little bit more aggressive, but i have been in another more local based dying internet community (Taringa was pretty popular in latinamerica, 15 years ago or so)... we all knew the moment in which the site died. We expressed ourselves, made jokes about the owners, tried to fight back... nothing changed and people continued to use the site, mostly because we didnt have a replacement for it. At the end it took aprox. 10 years to settle down to the dead site that it is now. Its like a candle, slowly devouring itself to the end. I guess the same will happen with reddit.
I think a lot of reddit users havent even thought about looking for a replacement, they dont know about lemmy and they wouldnt switch either. I may be wrong.
I was on Digg before switching to Reddit 14 years ago and once people were told Reddit existed there was a landslide of people switching because Digg admins were being such jackasses.