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I HATE PUBLICLY OWNED COMPANIES I HATE PUBLICLY OWNED COMPANIES I HATE PUBLICLY OWNED COMPANIES
Hell, any such company is going to pursue infinite growth and always aim to squeeze as much money as possible from it's costumer base in the short term.
My guess is that because there is currently a big possibility of economic turmoil and these companies are appealing to investors, advertisers,etc. and trying to gain as much capital in order to look stable.
@notExactlyI20 Also, in the centralized model it only takes a few decisions to tank things. See: Elon Musk’s Twitter takeover and his following decisions and Reddit’s new pricing scheme.
I think this is "normal" and the previous status was a glitch due to the low interest rates. Investors threw money at tech companies and didn't care whether they made any money. Not any more. It's now "make money or go bust". I am not sayiny these new trends will make them money, but IMHO it's what's driving them
#web3
Doctorow's Enshittification describes it pretty much dead-on. It's basically the cancerous form of late-stage capitalism that we're living under now.
The twitter thing is sad, but honestly not a huge deal. I rarely used it anyhow.
The reddit thing is depressing, since I've been a huge supporter and user of Apollo for many years. It feels like getting stepped on and I feel for the developer Christian Selig who devoted so much time and energy to the app.
I hope nothing happens to Twitch in the way that Twitter and Reddit have though, the small time streamers I follow and support won't survive a thing like that.
We've reached the end of the VC-funded golden age where they are all now demanding a return on their investment, hence why the screws are now all getting tightened.
The MacLeod life-cycle of corporations mirrors late stage capitalism pretty well:
Is it because interest rates are higher so investors are hanging onto their money? The money doesn't flow as freely in that direction, but it has to come from somewhere. That means, the "free lunch" users have been having while money was flowing from the investor side has to end, and the tech companies put the squeeze on the users instead to bring in money from that direction.
I don't know if that's it, but maybe?