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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Meta is developing a prediction market app called ‘Arena’ as [gambling] sector booms (www.coindesk.com)

submitted 1 week ago by technocrit@lemmy.dbzer0.com to c/enshittification@lemmy.world

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Under capitalism the endpoint of every app is a slot machine.

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[–] sobchak@programming.dev 9 points 1 week ago

I haven't been following the market in a while, but I'm pretty sure they keep reporting record revenue and profit. And investors seem to like layoffs. And Zuckerberg has shown he's not afraid to buy favors from politicians.