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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 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 24 points 1 year ago (1 children)

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.

[–] [email protected] 25 points 1 year ago* (last edited 1 year ago)

Startup releases nice product
Product is cheap or free
Startup gains huge customer base while burning through money
Investors are interested
When initial money runs out, startup either asks for VC money or goes public
Now investors want more growth
Product goes through enshitification to extract more money out of customers
Product loses customers as it loses its original charm

A tale as old as time