The truth is they converted a free service into a pay service (the gas-lights creators and businesses into paying for visibility). The visibility, even when paid for is not very fruitful for many as well...
If you run a small business like a restaurant in the US, but get 40,000 views directed to your profile of people who live in Russia, it is unlikely to turn into a pipeline of sales that can sustain your business... This is just one way modern social apps gaslight people who are working very hard to build business... It undermines the very model of business success, to keep people working very hard... For no reward. These site let memes and non-business-related things flow all day on feeds provided they are not promoting anything, which makes the sites appear "full of life".
People seem to be catching on that it was all one big gaslight after they've spent tons of money on ads, they are slowly realizing that it's a rigged carnival game, but social apps like Instagram have pitted the rest of the Internet, and they constantly play a dictatorial role. The carpet can get pulled at any time if they don't take these complaints seriously though, and I look forward to seeing how it all plays out.
I really don't think TikTok is much better now either, these apps all use the technique of phasing adds and slowly reducing (external) visibility for creators, and just judging from comments I see on Twitter, the economy is imploding as a result.
With the economy as bad as it is, this current creator economy is not sustainable, and not fruitful. We'll all see the quality on these platforms decline as creators quit and protest, while platforms will burn up cash reserves and disappoint investors as their overhead for hosting and operations increase.
We've praised the arrogance of social platform leadership for too long and now it's coming back to bite all of us. The biggest worry is that there will not much to gravitate back to if social media implodes... But it's also a great opportunity for IRC and web sites to re-emerge, and for someone to invent hopefully something better than these giant platforms that really aren't "social" at all any more.