As someone who has been on reddit for a long long time (10+ years). It's clear as daylight that the site is mostly comprised of teenagers and that is the dominating voice. As other mentioned there are still (plenty of)diamonds in the rough if you know where to look but the site lost its voice and the leadership their values. Since spez has returned the strategy has been to gradually move the goal posts to keep uproar at a minimum.

This was inevitable though. At some point the corporate overlords will want to cash out. Time for something new.