I think we've seen this pattern play out. The HN crowd is really not the right crowd to source opinions when it comes to business matters.
And you can see it in the comments, it's mostly about how the UI sucks, the app is slow, the dark patterns, etc...
The reality being missed is there's a ton of value being created in the forums regardless, and MAUs are up like crazy. The bad UI and ads don't seem like they're getting in the way of that.