That might be true but it's a very nihilistic way to look at things. I believe SO had many more successful years ahead of it but decisions taken by the company and moderators sped that process up.
I don't think it nihilistic. The world changes; it changes rapidly; it changes dramatically. Successful businesses pivot, and as a result, often don't resemble the company that they used to be.
The end game of successful businesses is to become a conglomerate of sorts. Once a company owns enough brands/products across enough markets, they can shed the under-performers and expand into new segments and industries.
I think we're in agreement. But the original commenter was stating that all companies die or change given a long enough timeline so criticizing a company for dying/changing is pointless since that happens to everyone.
Criticism of the company has been done to death, but I'd be interested to hear criticism of the moderator actions. (I'm not even sure which actions you and the grandparent are referring to.)
The moderators seemed to collectively go insane with maintaining the purity of their individual fiefdoms.
Questions and answers both got moderated out of existence with high frequency with it being clear that the moderator didn't understand either. I remember this behavior becoming rampant throughout the community around 2012 and the moderators being incredibly toxic in Meta SO. I removed my profile and never looked back then.
The end game of successful businesses is to become a conglomerate of sorts. Once a company owns enough brands/products across enough markets, they can shed the under-performers and expand into new segments and industries.