It's like a lot of tech trajectories. At first it was fairly easy and people did it, and then both the producer, consumer, and platform evolved off in some direction in an endless feedback cycle, and now a newcomer sees the whole ecosystem is all the way over there in some weird place and doesn't join it because why would you want to be over there, but the existing actors don't see it as strange because they acclimatized to each step along the way.
Recently I tried out tiktok for a day and couldn't fathom why I would possibly want to ever use this app. Same with Instagram. But people who followed their trajectory since their earlier days find them normal.
Same with Facebook, actually. And Google.
On the other side of that equation, my very old YouTube account (which still has a subscription to "YouTube Red" that costs half of what a new subscription to YouTube Premium costs) has been trained to show me certain content, and if I joined with a new account or told someone else to join, I know the homepage would be filled with dumb slop.
Facebook only made sense in the context of living on a college campus… I think it doesn’t quite fit this pattern because realistically users were rarely in the “good fit” case for only ~4 years. Then, for each user, it becomes this sort of awkward slowly decaying network as people move on.
I agree with everything else you said though.