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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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[–] givesomefucks@lemmy.world 1 points 9 months ago* (last edited 9 months ago)

If you want people to help, use smaller comments

I'll give you the first one but I'm not spending an hour helping you understand 10 things when you're acting like that and will likely reply with "nuh uh".

The phenomenon is due to pressures to be profitable instead of hemorrhaging money which is no longer free

You act like they want to burn investor money indefinitely.

They dont, not a single company.

They "invest" investor capital operating at a loss and eliminating competitors. The plan is always once the competition is out of business, to raise your prices higher.

This has been a thing as long as capitalism has been a thing.

And it's incredibly basic.