I mean there’s Reddit ofc, as well as Twitter in its entirety, Discord is implementing some dumb updates, there are issues with Tumblr as well as everything to do with Meta, and I’m sure there are plenty more (and I haven’t even touched other digital media, for example the Sims). Why is it all happening in the span of about a couple months?
Greed. It’s all driven by greed. It’s not just social media companies either. My best guess to why it’s happening now… The boomers are aging out and want to take every last bit they can squeeze out before they retire/die.
It’s not the boomers, it’s the shareholders that would like to see a return on their VC investment, because interest rates are up and they are getting impatient. Reddit never had a sustainable model to begin with, and now it’s all coming down. It’s not the old people.
I wish it was just the boomers. We have a whole new generation of greedy corporate bootlicks on their way up.