I feel like the VC/investor money that's kept huge swaths of the internet afloat for the last 20 years is finally starting to run dry. All these huge platforms who have been in "burn mode" since they were founded never figured out how to become profitable earlier on, and are now scrambling to keep themselves sustainable.
It's hard to feel sorry for them, even in the midst of their downfall. They've all had plenty of time to prepare for the day the their corporate sugar daddies leave them, and instead sought short-term profits over long-term sustainability.
I do feel bad for the communities, though. We've basically seen the Walmart-ification of the internet, where a few big corporate entities moved into the neighborhood and basically took over the landscape with their presence, effectively strong-arming smaller competition out of existence. So it'll be good to see more homegrown communities sprout back up in their place again.
Maybe we can see something like this happen with actual Walmarts soon, too. :)