Yeah I really think they've dug their grave with this one, even if they tried to walk it back - there's simply no more trust left, and the site was reaching critical mass as it was. I haven't checked today, but my dash had slowed down considerably too in the past week. After this long putting up with the various nonsense tumblr has put us through, I think a lot of us were just waiting for an excuse to move on to greener pastures.

That said, I'm also not convinced this wasn't Yahoo/Oath's intention in the first place - wring the site for everything they thought it was worth and abandon it now they realize it's unprofitable, burning it down in the process to cover their asses. I won't be surprised if the interface, flagging, etc just continue to deteriorate until the site is basically unusable - or if the site is just suddenly entirely taken offline one of these days. Better to establish elsewhere than stick entirely to that sinking ship.