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I think this is the effect of various companies trying to capture as much of our attention as possible because it makes sense for their bottom line. We are all victims of recency bias, so it makes sense for companies to prioritize more recent content. If it wasn't the case, the various social media apps wouldn't be as addictive as they are.

I am not aware of a social media app feed that puts quality above recency (not counting the plugins that enable that, like Twemex [1]). Instead they keep us in what David Perell calls "Never-Ending Now" [2]. We endlessly consume temporary, short-lived content and we are mostly blind to the past.

Google search is not social media, but I wouldn't be surprised if Google ranked more recent content higher, given how they have changed the Youtube algorithm.

1: https://chrome.google.com/webstore/detail/twemex-sidebar-for...

2: https://perell.com/essay/never-ending-now/