Otoh, it's as big as it is because it's a benevolent dictatorship, not any kind of democracy. It's heavily moderated with enough (I mean this positively here) citizen policing, in the form of moderation and flagging, that it stays pretty much on mission.
There's a pretty strong correlation between 'folks willing to use a site that looks like it's from the 80s without mobile app support' and 'folks with meaningful things to say', at least if you take the average front page content on other social media sites as a baseline.
Also because Dang does a really good job with the moderation, whereas most of these sites farm it out to the lowest bidder.
Focused communities are, in my experience, higher quality than more general ones.
Also what version_five said.