George Stocker (on Twitter) has a long thread about this and the community issues.
basically Joel talks with Jason Calcanis about his leaving from Stack
Overflow (recorded in April 2019), and what it will take to get Stack
Overflow public. He says that over and over.
If you listen for another minute, you'll get to who Joel+The Board of
Directors of @StackOverflow want as CEO: this is his
characterization: https://youtu.be/zMfxd9y0cMY?t=1005 "You need to get
psychopath-Silicon-Valley-executives who are just in it for themselves
and their stock options"
And in that above link, Joel also talks about the genesis of the
current moment: https://youtu.be/zMfxd9y0cMY?t=1570 The company is
focused on Enterprise and Teams and it happened because of a party
Joel went to and met someone from Credit Suisse
So revenue being shoved to 700m, all those tweets contain youtube links to Joel interviews.
You might think he's wrong, but its an insightful thread of tweets. Bottom line: even SO and all the other sites do not matter, nor does the community, all that does is getting a lot of revenue selling the SE software.