Twitter was never really profitable.
Facebook is struggling and tries out weird stuff like VR to see if that could make them some real cash. And now Reddit admits it is not profitable in the least. It's almost as if you can't really make money off of people chatting online, even if you get them to be angry non-stop.

Welcome to the fediverse. Sit back, relax. It's still a little rough around the edges, but there's no one even trying to make any money off of you.