This has become the prevailing opinion for most of the tech-savvy folks that I know, but it's gaining traction with a wider audience.
Having steeped in corpo-climate for two decades, it's naïve to say that the C-Suite has ever maintained a realistic perspective on the business that they run; but it is baffling to me that corporations like Reddit have completely lost sight of their actual product - a clearinghouse of perpetually donated content - and seem to believe that their platform cannot be easily duplicated, or made obsolete nearly overnight.
It's exciting to be an insider as new paradigms like the fediverse become more widely known. If the last week is any indicator, there is a non-zero chance that ultra-capitalist hubris will be punished.