Is a toxic workplace becoming a common thing??

Pay, Work Quality, and Culture are more of like CAP Theorem.

There is NO toxic company ..its toxic team, a toxic mfcking manager, toxic juniors etc basucally your toxic luck to land in midst of toxic colleagues

Nope. That's because of the negative bias and clickability of negative news.
From what I understand toxic non toxic is much more dependent upon your boss than company culture. So in same company, some people might feel content working under a better boss while others complain of toxic work culture.

Not really, good workplaces don’t usually get highlighted often, hence the bias.

I have found that generally every place has some level of toxic culture internally. The thing is it goes largely unnoticed in bigger corporations as people can shift the blame to the particular project or team or executives. It becomes more and more apparent the smaller the company gets.

Too many startups. Earlier people started business their focus was on profitability. Now it's fund rise. Nobody cares about fundamentals. Raising funds is now the most profitable business. And when you know the startup is not going to be around for long, the focus is always on metrics that help in fund raising.
So all the anger, stress and irritation. Most startups founder many have a lot of money but they lack maturity.

Yes