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.

So tired of being advertised to. The hilarious / depressing thing is that these companies make a few dollars per user per quarter, so basically our privacy is sold for $5. Id rather just donate that to a lemmy instance.

First off, lol if you think Reddit wasn't full of politics every bit as much if not more than Facebook.

Second, what's happening is the opposite. The older users, the ones that remember a pre-facebook internet, the ones that are not pre-programmed to accept whatever the app in the app store tell them, they are the ones leaving.

The young are actually increasing on Reddit because it's pandering to less tech literate, more TikTok-focused userbase now with the official app. The type of users that need algorithms to tell them what to do because they've long since failed to learn to actually use technology smartly.

The type of user that was shocked to learn there was such a thing a third party app.

Those are what reddit wants, and it's what they'll get.

See: MySpace, Friendster, Six Degrees

Wow, I had never made that connection!!

Absolutely agree. It was already heading in that direction which is more than likely a big reason why they made their recent decisions to shit the bed like they did.

I don't even see it as Facebook, Facebook makes money, reddit will not.

I don't like reddit, its centralized nature makes it want to die for profit at some point.

The problem is, the refugees of reddit that are not tech savy enough will not migrate to the fediverse, if they even migrate at all... like you said.