I think it's interesting that there's a lot of coverage over people leaving reddit because of censorship, and little coverage (that I've seen) of people leaving reddit because they are becoming increasingly aware of how much hate content it (still) hosts. I guess the second camp is perhaps less vocal.
I think a good number of people on Reddit don't really take it seriously. They're just there to waste time and nothing more. To them, the drama that goes on really doesn't mean much to them. Also some people just go to Reddit for the niche subreddits because Reddit is one of the few places on the Internet where you can have a thousand people or so that are interested in something quirky like abandoned buildings. That subreddit has over 270,000 subscribers. Where else can you find a community that big to talk about abandoned buildings or anything else like that?
The later is what has turned me off of Reddit. It is infested with racists and misogynists.