This is obviously a race to the bottom. They know, we know it, the market knows it. However, as long as the numbers keep going up, the market will reward this self destructive behaviour and the team will indulge it.
They aren't stupid, they know that these features are annoying, but they'll keep pushing them to find the optimal point between the users being pissed off and profit going up.
The risk is of course that they launch a positive feedback loop of exodus and end up destroying the product in the long term, but in the long term we are all dead and the PMs profiting from these user hostile policies will be long retired...