Reddit has no intrinsic value. The value comes from the community and mod teams. It was only a matter of time. Reddit found the hill it was willing to die on.

You’re not alone in observing this. Cory Doctorow wrote a great piece about this phenomenon: Tiktok’s Enshittification. It seems to be the fate of any centralized social media platform.

See: MySpace, Friendster, Six Degrees

Wow, I had never made that connection!!