I feel like Reddit already turned into a general social media underneath us already, with so many reposts from TikTok, Facebook, Twitter and Instagram, it had nowhere near the amount of original style content as it used to.
The comments became no longer worth reading, with the same lame jokes populating the top of the thread, the atmosphere became toxic and not like a community.
What Reddit are doing is intended to turn the existing known entity into a profitable social media app, they don't care about the quality decline. The existing owners will slowly sell as the valuation increases and they will get their winnings at the expense of the decade of free labour from the content creators, moderators & developers.