My theory is a bit more of an Illuminati conspiracy. I really don’t care what people think of my thoughts or of me.
I think the powers that be want anything like Reddit to either die or degenerate. They (as in our wealthy owners) don’t want a happy healthy stable platform of free thinking, free talking individuals sharing ideas and openly and freely discussing the world’s problems so easily.
They want Reddit to die or at least degrade.
They’ll put up with the fediverse for the time being because it isn’t that big … but once it hits critical mass, there will be a slow corporate takeover and eventually another slow death and the process will repeat itself