The problem is the original vision of many of these companies was always total nonsense. The only way for many of these companies to be profitable at the level investors demand is to do the things that make user experiences worse such as intrusive ads and dubious policies around user data. This pot has been boiling for a long time and it’s boiling over now because with rates going up the barrier to entry is higher now than ever. They don’t have the same risk of being replaced when the cost of startup capital is getting increasingly more expensive.