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I don’t think we need to blame that sale. The same steady decline had been going since 2016. Itms clearly there in the graph, but everyone trumpeting the ChatGPT angle conveniently ignores the preceding 5+ years of continual decline.
The sale is relevant. The spike in activity right before the sale already shows the management hand and how they actively ran the org to optimize for this sale. The rebound right after is hard, and it was (right) before chatgpt

They accelerated the downfall with this and then chatgpt came over

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So you think its mostly just coincidence that 4 years after AI is introduced stack overflow is dead?
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Everyone trumpeting the "bad SO moderation" angle is delusional. Stack Overflow was far better than conventional forums. Without LLMs, SO would have stayed popular, there is no doubt about it. The massive decline was clearly and obviously caused mainly by LLMs.