No just misleading.

First because it's web traffic, not all traffic. And the big loss for reddit is their 3rd party app users, which are not included in that figure.

Second, Reddit didn't take a big hit in the window they discussed. The downard spiral began as a warning shot for two days on June 12th.

The real damage Reddit dies to themselves began July 1st.

I'd rather see April vs September numbers. And have it be measuring engagement. How many submissions, comments, etc.

But even then, reddit is losing 3rd party bot detection, and gaining bots. So it's a lot harder to measure than the article suggests.