Stack Overflow is dying, huge drop in visitors and activity

Ayhan Fuat Celik visualised Stack Overflow's traffic over the last few years using data that Stack Overflow themselves provide, and the picture isn't pretty. The website has lost almost 50% of its traffic since the start of 2022. You could attribute it to the rise of ChatGPT and developers (including hacks like myself) simply asking the chatbot for help instead of referring to Stack Overflow, but the rot started well before LLMAs hit the scene. Posts and votes have been tumbling since a huge peak in mid-2020. I'm not active enough in the Stack Overflow community to know what's going on, but whatever happened, it's causing the once mighty Stack Overflow to decay right before our eyes.