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Stop Talking to Each Other and Start Buying Things: Three Decades of Survival in the Desert of Social Media
(catvalente.substack.com)
this post was submitted on 16 Jun 2023
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Technology
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Very understandable for a millennial and younger audience. I remember multiple apps and web services turn from cheap useful tools into crap. Airbnb, Uber, Lyft, every food delivery app were all great at one point until the late stage capitalism machine hits. They all destroy themselves to hit profitability targets that no company can achieve.
The thing is most would be very profitable companies if the executive wing wasn't so damn greedy trying to eek out the highest salary and bonus possible so they can have that new shiny gold watch and fancy car to impress their "friends". It's human greed, plain and simple, and it's not limited only to social media companies.