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[–] 52 points 2 days ago (6 children)

Eventually their stock price will crater if the platform hollows out any more. Companies pay a lot of money for advertisements and they measure the effectiveness of the ads. Ad platforms (usually) spend a lot of money to ensure that impressions aren’t wasted on bot traffic.

If you shed your user base while amplifying bot accounts, there’s no reason for companies to bring their ad spend to you.

Once again MBA greed and short term thinking wrecks something that had value.

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  • [–] 39 points 1 day ago (1 child)

    Not wrecked. Cashed out. It's intentional, and they're just making as much as they can get away with, before the well dries out.

    It's wrecked for the users, sure, but this is what capitalism is. Stealing and selling what others created, for profit, fucking them over.

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  • [–] 8 points 1 day ago

    Bingo, they know what theyre doing, theyre enshittifying.

    Gotta squeeze all the blood out of the stone.

    They know theyre going down, theyre deciding to make as much money as possible while doing so.

    Who cares if that causes mass spread of mis and disinformation? That ain't illegal, and it is profitable.

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