Just because it cannot possibly compete with what is here already, let alone what is coming. There is nothing they can even do to pivot that I can see. In actual fact, that's not nice and I hope it doesn't happen too fast, but I feel they have taken advantage of people so it is difficult to feel too bad.
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Sure but I think there won't be a mass exodus, beyond a certain point people will stick until it gets really ugly and only leave when there is a good alternative. Steemit is definitely not an alternative to Facebook, no friends, no messages.
I'm not so familiar with Reddit but isn't it supposed to be like Reddit?
Quite right, this kind of thing doesn't happen overnight, especially when you have over a billion users ;)