Exactly. At this point I'm more invested in fediverse services. Between that and RSS feeds, they scratch 90% of the dopamine itch that Twitter and Reddit did. If the communities just continue to expand a little bit more at the rate they're already going, I'll have no desire to look back.
But valuation is a very real predictive measure on IPOs, and what Reddit is making all these bad decisions in preparation for. They tried to cut a little more pie by dragging third party app users onto their app to try and increase revenue and bump valuation, it's just that it was so terribly misguided and executed that it had the opposite effect and blew up in their face.