‘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’?
‘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’?
I agree that running other companies out of business by losing money with VC funding is anticompetitive and bad, that just isn’t what I’m talking about here.
I disagree that the increased prices is from some newfound monopoly power. They didn’t succeed in becoming a monopoly, they just made the business decision to become profitable by charging more, and they did that due to the new interest rate environment.