I have been on the edge with twitter and reddit for a while and I have finally deleted my accounts that I have had for a very long time there. They are no longer the places I used to know, even more so with twitter. I am ready for my new time here and on mastodon.
The quality of content on reddit has deteriorated at an astounding pace. It feels like everyone is just repeating the same thing to get upvotes... and upvoting people who repeat the same thing.
I'm kind of glad it exists now as a containment zone. The people who want higher quality content can move to the fediverse. Those who don't can stay right where they are.
I'm largely ignorant to the mechanics of the attention economy in mass social media spaces, but what's the point of having bots post on social media platforms, only to be mass upvoted and interacted with by other bots? Like who benefits from that and how? Why is that a thing?
My guess is bots circle jerk other bots and those accounts will (at least appear to) have large audiences, which may be valuable to advertisers or the like.
Karma farming, where you boost up the reputation of an account so you can sell it. Propagandists and marketers will pay more for an account that looks like a real user in good standing. So you keep the account busy and raise its karma by whatever means, including repeating formerly popular posts and using bots to boost them.
Dodgy organizations who want to pose as regular people and spread propaganda/disinformation/guerrilla advertising. Here's one forum I found which has reddit accounts for sale. There would be more on the "dark web" I imagine: