this post was submitted on 20 Jun 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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Does this even matter? He bought that cesspool for like 45B USD and recently got his 56B USD tesla payout. So that blight is still swimming in wealth ¯_(ツ)_/¯
He was faking the numbers just long enough until he could pass the bill onto some other schmucks.
Could have been more wealthy and not have people keep reporting on his failures with X, formerly known as Twitter, constantly.