I mean there’s Reddit ofc, as well as Twitter in its entirety, Discord is implementing some dumb updates, there are issues with Tumblr as well as everything to do with Meta, and I’m sure there are plenty more (and I haven’t even touched other digital media, for example the Sims). Why is it all happening in the span of about a couple months?
Nobody said that companies have to make exponential profits, that’s why non social media companies are doing ok.
The reason social media companies are failing is because investors are tired of throwing cash away and need them to turn a profit