Yes, and

their ultimate goal is to make people use the APP monetise every single interaction

Anyone else remember when forums were just for having fun, not making the owners money or collecting data? Can't believe it used to be that way.

Also, recently they require you to login to access old reddit where previously you could browse without logging in. They do not require a valid email address (yet) to create an account, so while not a total crap show, it is rapidly approaching.
This change is what led me to do a search for alternatives to reddit in which Lemmy here was suggested.