Tend to agree with your final thought. The web is so different than it was in 2010, yes there are some promising newcomers but our expectations of a service are radically different in 2023. Also want to note there seems to be a general sentiment of fatigue regarding Reddit and social media in general.
But I do want to selfishly drop this gem from the founder of digg on the eve of their destruction, which mirrors so closely the quote from this memo https://twitter.com/kevinrose/status/22543843421