Absolutely true

In fact, here in Australia, someone has now introduced legislation in parliament to force social media companies to provide a feed without the algorithm / only posts by people you subscribe to

Of course the right wing nut jobs don't like the legislation, because they rely on scare mongering and rage bait to exist

That's why you know it's great legislation

The problem with reddit very specifically is that it was, in many ways, internet counterculture. It grabbed a very specific demographic which is much less likely to be active on Facebook - young men stepping out from their edgy teenager "it's not a stage mom" stage, and into the throes of early adulthood. So now you have this very strange thing where "youth counterculture" is sometimes (often enough to be a problem) this unholy marriage between fascist nihilism and Christian nationalism.