Elon Musk cops a lot for the degradation of twitter to people who care about that sort of thing, and he definitely plays a part there, but its the monetisation aspect that was the real tilt to all noise in a signal to noise ratio perspective
We've taken a version of the problem in the physical world to the digital world. It runs along the same lines of how high rents (commercial or residential) limit the diversity of people or commercial offering in a place simply because only a certain thing can work or be economically viable. People always want different mixes of things and offering but if the structure (in this case rent) only permits one type of thing then that's all you're going to get