It was "fine" in your opinion, for doing the kinds of things you liked to do with it. But that wasn't leading to TikTok-level profits.

They may be wasting money, or maybe not. If they chase away all the people like you, and end up with a userbase of vapid morons who just watch idiotic TikTok-style videos on it, and this makes the company billions in profit, then that money wouldn't be "wasted".

I mean, it sucks (IMO) if running a discussion board service for people to have intelligent conversations about various niche topics is financially undesirable compared to running a social media site for people to share and make moronic comments about moronic 1-minute videos, but that seems to be just how humans are.