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Why do so many tech companies, like Reddit and Twitter are making their platforms worse for their users all of a sudden? (lemmy.world)
submitted 1 year ago by cilantrillo@lemmy.world to c/asklemmy@lemmy.ml
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[-] xavier666@lemm.ee 29 points 1 year ago* (last edited 1 year ago)
  1. Startup releases nice product
  2. Product is cheap or free
  3. Startup gains huge customer base while burning through money
  4. Investors are interested
  5. When initial money runs out, startup either asks for VC money or goes public
  6. Now investors want more growth
  7. Product goes through enshitification to extract more money out of customers
  8. Product loses customers as it loses its original charm

A tale as old as time

[-] Yondoza@sh.itjust.works 2 points 1 year ago

In the tech world I've heard it called enshitification. Basically what you layed out but with a little nuanced difference.

https://www.disruptiveconversations.com/2023/01/cory-doctorow-on-the-enshittification-of-social-platforms.html

this post was submitted on 30 Jun 2023
133 points (97.8% liked)

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