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‘Enshittification’ is coming for absolutely everything (www.ft.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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‘Enshittification’ is coming for absolutely everything::The term describes the slow decay of online platforms such as Facebook. But what if we’ve entered the ‘enshittocene’?

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[–] OldWoodFrame@lemm.ee 6 points 9 months ago* (last edited 9 months ago)

Anti competitive behavior does suck. Stuff like million dollar taxi medallions being required before you can drive people around, or using your VC funding to drive taxi businesses out of business. But that's not where the price increases are coming from. Taxi companies are still here, and so is Lyft. Some cities have their own local rideshare apps.

The price increases are from Uber deciding to stop losing money on their rideshare services anymore.