Honestly, today with Reddit going through with the API changes and Twitter absolutely destroying their platform, this kind of feels like a lovely little campfire away from a collapsing civilization.
Not to be super dramatic, both platforms will still live, but lord it's a weird couple of days for some internet communities.
I expect the exodus to be much less than some others are calling for, only because people are way more stubborn to breaking up with content than the app that serves it