I don't care if something is a monopoly as long as it's a monopoly for it's quality.

But the problem with social media is that monopolies in this area aren't about quality, they are about user base size. Which makes them impossible to dethrone once they hit critical mass. Reddit and other social media sites have a massive amount of content with people willing to figure out a way to sift through the garbage.

It will be interesting to see how bad things get once reddit moderators can no longer use bots and other tools in order to help them sift through content due to the API changes.