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Steam can saturate nearly any connection.
I don't see them struggling, sure the issue isn't in your end?
Might be a regional server thing, too. As even with installing on an SSD Steam is far slower here than it used to be on the same fibre optic connection and installing to a HDD.
So no issues with speed.
I also suspect some ISPs, while they advertise a certain speed, really they offer "up to" the advertised speed, and they may have oversold for the amount of bandwidth they actually have available. To try and curb this, they might identify and throttle certain high-bandwidth traffic so other customers in the area aren't negatively impacted, and Steam can certainly qualify as high bandwidth traffic. They (the ISP) will probably never admit to this directly though.
Before it was 50+ MBps, now it's in the Kilobits...I'm so confused. Was able to confirm that it is Steam because if I download stuff from other apps, like from itch.io from Google, it's blazing fast.
Don't know what happened, but I hope Steam will take this issue seriously because, it's so ♥♥♥♥♥♥♥ slow.
You are right. It is 2025.
You would think people would have learned the internet connection isn't the only reason there can be slow download speeds.
It doesn't need to be 2025 to know that there are plenty of people who want to blame something that doesn't make it look like their fault.
I don't have the biggest Comcast package and I get speeds of 18mb/s up into the 30mb/s range. That is on a potato Laptop with an old HDD.