The trouble is the model wizards uses for the game and how they chose to deal with the situation of high demand cards moving forward. Standard bannings did hit standard, but standard is a flash in the pan format that has it's ups and downs no matter what they do. Modern is the real culprit and how they handled the demand when the population boom happened. The reason myself (and a lot of people) ended up getting bitter at wizards is that they promoted a really good format and failed to support it adequately to keep prices down. Meanwhile corporate mostly just sees dollars and financial numbers going up because their reformulation to the product line up allows for higher margins, so to them everything is going great while a lot of resentment and financial fatigue started setting in. This also is happening at the same time that a lot of game companies started to create endless money sinks via RNG systems. Originally, games had expansion passes and then the base game, but Blizzard Activision and a number of companies began to adopt tactics used in the mobile industry to better monetize their enfranchised player base.
With all free time spending on hobbies being equal, this starts really causing a lot of issues if someone is trying to play a variety of different games across genres, from CCGs like Magic to online arena shooters like Destiny / Overwatch, and Battlefront. That's why there's such a massive push back from the consumer base and on social media channels like YouTube right now. It's not any one sector of the entertainment market: It's the entire market across all the games doing this. Also, behind closed doors a lot of people have started to support content creators via patreon and services like Youtube Red because the advertising system fell through that used to help pay for the content, so now we have even more forces pressing on consumers.
Basically, if there is a bubble it's probably the entire entertainment industry and not just Wizards of the Coast. Wizards is just caught up in the entire thing and is probably making things worse instead of better.
3
2
1