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The youtuber/social influencer bubble was always going to pop at some point.
It's the same shit as the dotcom bubble.
Anyone who didn't see this coming from a mile away and actually thought they'd be able to make stable money on youtube indefinitely is an idiot with lack of foresight and probably deserves this wake up call.
Smart youtubers used the platform to boost their resumes and find work elsewhere while using youtube as a side hustle/hobby for passive income.