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Why do so many tech companies, like Reddit and Twitter are making their platforms worse for their users all of a sudden? (lemmy.world)
submitted 3 years ago by to c/asklemmy@lemmy.ml
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[โ€“] 24 points 3 years ago (1 child)

Capitalism. The incentive for any large, profit-motivated firm will always be to get the most people to pay as much as possible for as little as possible.

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  • [โ€“] 25 points 3 years ago*
    1. Startup releases nice product
    2. Product is cheap or free
    3. Startup gains huge customer base while burning through money
    4. Investors are interested
    5. When initial money runs out, startup either asks for VC money or goes public
    6. Now investors want more growth
    7. Product goes through enshitification to extract more money out of customers
    8. Product loses customers as it loses its original charm

    A tale as old as time

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