Unlike the Reddit vs Digg situation, there's no mature product to mass migrate to. Digg collapsed because Reddit was an easy move over. There was already a polished alternative.

The Fediverse is great, and has a lot a of promise, but it's not fully developed and easy to move to. Us migrants are building it out now.

Reddit will lose it's soul. It's been showing signs for ages anyways. Spez wants to create a doom-scroll "social network" that caters towards the TikTok and Facebook crowd. That kind of cancer has been creeping in for a while anyways.

The core of Reddit was always the discussion. The niche communities where you had real enthusiasts. You could get your retro gaming PC diagnosed. Trade parts for your imported Honda Beat. Ask questions about utility locating. That's the heart and soul. And also the hardest thing to move.

Digg is just a newspaper now. Not a community aggregator. There's no soul. It became a domain. You can't Digg or bury. You can't even comment anymore. That's where they'd like to take Reddit. It doesn't require effort or mods. Just a like button.