this post was submitted on 21 Mar 2025
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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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Komoot Acquired: History Says This Won't End Well (www.dcrainmaker.com)
submitted 20 hours ago by jo3rn@feddit.org to c/enshittification@lemmy.world
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Get ready for "enhancements" and look out for alternatives.

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[–] Wabbitsmiles@lemmy.world 16 points 19 hours ago (1 children)

from the article:

Evernote: Acquired in January 2023, in July 2023 Bending Spoons laid off all Evernote staff and transferred the operations to Bending Spoons HQ.

Mosaic Group: Acquired in January 2024, immediately laid off all 330 staff members, folded operations into Bending Spoons HQ.

WeTransfer: Acquired in July 2024, in September 2024 laid off 75% of all staff.

MeetUp: Acquired in January 2024, in February 2024 laid off a “significant” portion of the workforce

Brightcove: Acquired in November 2024, yesterday, March 19th, laid off 2/3rds of US employees

komoot knows what they're in for

[–] slaacaa@lemmy.world 6 points 18 hours ago

I understand (even if I don’t like/agree) some downsizing, but firing everybody is a smooth brain move. Evernote was all the shit when I went to college in Europe, and MeetUp was also very popular, and now they are barely mentioned. Maybe these companies started declining before the a acquisition, okay, but then why buy them in the first place?