That's no different than every past raid event.
The biggest issue is definitely the drop rates for Ragnarok. Ragnarok did not drop enough to warrant even bothering to run it, this includes both initiating it and joining in others. When people found this out, less people started joining it so but there were still those who didn't know so you'd have several initiating it and basically forced to let the timer run out since a lot are unable to solo rag.