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?
VCs plain and simple. The entire system they operate within is almost perfectly at odds with how a traditional ‘real’ business would operate.
The net result is always some kind of cash grab, and whether the business survives is virtually irrelevant.
Private equity & VCs are IMO recklessly short term-ist with the ‘line goes up’ approach, with as ever, users & consumers & staff picking up the tab in one way or another.