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Too often
(lemmy.cafe)
cross-posted from: https://lemmy.cafe/post/6125697
Artist: David Revoy
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this post was submitted on 06 Jul 2024
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Enshittification
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What is enshittification?
The phenomenon of online platforms gradually degrading the quality of their services, often by promoting advertisements and sponsored content, in order to increase profits. (Cory Doctorow, 2022, extracted from Wikitionary) source
The lifecycle of Big Internet
We discuss how predatory big tech platforms live and die by luring people in and then decaying for profit.
Embrace, extend and extinguish
We also discuss how naturally open technologies like the Fediverse can be susceptible to corporate takeovers, rugpulls and subsequent enshittification.
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As far as I understand it, Atruvia is actually owned by the umbrella organisation of all cooperatively owned banks in Germany.
So if I have the choice I would rather give my money to a bank that I and everyone else who has a bank account partially owns than to some corporation.
I dont have the GLS or Volksbank App though.