105
Meta is developing a prediction market app called ‘Arena’ as [gambling] sector booms
(www.coindesk.com)
this post was submitted on 24 Jun 2026
105 points (98.2% liked)
Enshittification
5062 readers
1 users here now
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.
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What a horrible insult to the software that basically made the WWW get going. Arena was the first widespread web browser.
Zuck's whole thing is just stealing names from far cooler things. Metaverse came from a Neal Stephenson novel
Snow Crash. Awesome Book
Those who cannot create, just steal. That's how billionaires are made, and this is how AI is made.