What’s the key in writing a compelling tragedy, if that’s even possible in the current media landscape?

It may be my lack of knowledge but I feel like tragedies are not written nowadays and stories that are tragic are not well received by the general public. I’m not sure if it’s a result of bad writing or if general audiences (and critics I suppose) do not like tragic stories.

Just the most recent example I can think of is >!Stranger Things!<

Spoilers for last episode: >!Eleven’s tragic ending. I personally thought it made sense thematically. You have this character that comes into the world with hardship and throughout every season she overcomes it and ends up saddled in a worse position over and over again. Thematically it would make sense that she wouldn’t get a happy ending, because she never has. But general audiences seem to want characters that experience hardship to get an at least emotionally neutral ending, despite the themes of the story, and at best, their hardships *require* them to have a happy ending.!<

Looking at historical tragedies I feel like they are written very similarly, characters doomed by the narrative. But I don’t understand why audiences like Shakespearean tragedies but not modern ones.

I was thinking maybe it’s an agency thing, that for it to be compelling, the tragedy must be the choice of the victim, but the Greek tragedies seem to be external in nature.

Is it a matter of audience expectation, the severity of the tragedy, or something else?

Edit: added spoiler blocks