It's the eternal cycle:
- Small platform has quality experience because most users are genuine and engaged, and user base is too small to be "worth it" for corporations and trolls
- Platform grows slowly until it reaches tipping point of popularity and network effect
- The platform has explosive growth, drawing interest of corporations and trolls
- Corporations enshittify while trolls crank out misinformation and rage bait
- Users reach tipping point and leave large platform to smaller platforms that don't have corporate interests and trolls
- Repeat due to network effect
Yeah, and due to the falling replacement rate the world population itself is starting to level off and may even start to decline. That's why conservative political parties are all doing everything they can to force people into having children, because large corporations can only exist with a large and ever growing customer base.