The reality is that Steem inc, as many other projects in the crypto industry are suffering from the bear trend. We are witnessing the survival battle and only those projects with real value and strong management will remain in business.
As in any new venture, the tough times are the ones where management makes the difference if a company survives. The difference in Steemit is that survival probably needs to be accomplished together between Steem Inc team and all the community (users any size and witnesses). I believe that will be the only way to give the project a real chance to move forward. We will have to see.