I can't comment on the fact that the whole field is imploding, but there is only room for finite growth.
A lot of these platforms seem VC-funded or publicly traded, and they are based on growth. So they probably see growth slowing down, and this is an effort to squeeze more numbers out of it. Hopefully for them, they can pivot their business plan on to something not growth-based.
This is a common pattern: growth is like a drug for tech startups. Cut it, and they will do all they can to have it again, even if they have to alienate their current user-base for this.
As I often browse reddit in private mode, this probably just means that I'll waste less time on that website; I'm not going to bother logging in if I didn't already.
A lot of these platforms seem VC-funded or publicly traded, and they are based on growth. So they probably see growth slowing down, and this is an effort to squeeze more numbers out of it. Hopefully for them, they can pivot their business plan on to something not growth-based.
This is a common pattern: growth is like a drug for tech startups. Cut it, and they will do all they can to have it again, even if they have to alienate their current user-base for this.
As I often browse reddit in private mode, this probably just means that I'll waste less time on that website; I'm not going to bother logging in if I didn't already.