Yes, if a social network is constantly losing its daily active users, then that is a bad thing. And yes, things were bad back then, but nowadays things are even worse. At least in terms of real human interaction. Nowadays the real human interaction is rare on the Steem blockchain. You can see that in the statistics.
There were 8124 posts created on 2020.01.23, but the average number of comments were only 3.74. If we take a look at blog posts, then we can see that most of these comments are bot (or spam-like) comments. Sad.
This is only increasing the number of the leaving daily active users.