I mean, it sort of is. Unless the fed is involved in this billionaire conspiracy also (which the nature of conspiracy theories will undoubtedly have someone saying of course the fed is in on it with the billionaires).
The simple answer really does make the most sense here. Interest rates are on the rise, and platforms like twitter and reddit have been around for a very long time and none of the venture capital backing them has ever turned a real profit despite the money being pumped into them. Investors will pull out money from the riskiest items first when interest rates rise, and the riskiest items are social media platforms that haven't demonstrated monetization potential even after a decade of use and monolithic control within their spaces. If a link aggregator like Reddit, which is really the only major player in its brand of social media can't turn a profit with basically no competition why would you continue supporting it?
I think it's far more simple that humans have a tendency to fractionalize everything they're apart of than it is a projection global conspiracy.
Some animal rights activists believe humans can have beneficial, symbiotic relationships with animals, like working dogs/horses, free range chickens that are well cared for, stuff like that.
Some animal rights activists think the concept of a working dog/horse as abhorrent because animals can't actually consent to that, the power dynamic makes it unethical, and utilizing the labor of an animal for personal gain is basically just slavery for a creature with less intelligence.
These two groups are closer to each other than they are to any right person that doesn't care at all for animals, but are still so dynamically opposed that they simply couldn't operate together because their end goals are dramatically different.
I'm a hardcore progressive. I will work with a capitalist democrat to get my goals met, but I wouldn't associate with them if I had a better option.