Yes it’s a negative feedback loop created by the very bad product decisions they made to optimize for local maxima of getting more ads revenue. You inject more and more ads followed by more and more suggested content, thereby reducing the in network content. The in network content doesn’t get as much of traction, therefore people stop posting. This in turn forces the feed to have more and more suggestions and a few s…
Sounds a lot like Google Search results. It’s almost as if advertising dollars are an addictive drug that ultimately kills the company.
Google Search could honestly be dethroned if someone really wanted to. The usage at this point is habit, not because it’s still a good search engine.