I guess the mobile app was what really broke the camels back but the quality of the posts had been on a downward trend in a severe way since at least Obama's second term, when I think both political parties recognized it as important and began to manipulate it. This is made easier by the partitioning of the site into subreddits. I hopefully don't have to explain here why that makes automated sockpuppeting much more effective and easier to accomplish. It's a fundamental design flaw (if we were to assume the design of Reddit was intended at all to provide a space for authentic personal takes on real issues and by real humans).
There is a danger of the same thing happening to HackerNews but I hope the lack of financial incentives to allow that sort of thing does some work to mitigate it, along with the lack of partitioning of the community.