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Why is Lemmy obsessed with the word "enshittification"? (sopuli.xyz)

submitted 6 months ago by overload@sopuli.xyz to c/asklemmy@lemmy.ml

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I see it referenced constantly here, not quite as much on Reddit. I know what it means, but just wondering why such the popularity over on this side of the fence?

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[–] crossover@lemmy.world 2 points 6 months ago (1 children)

At a certain point, a company’s primary product becomes its stock. Share buybacks, short term gains, etc become the strategy. The goal is no longer to create value for customers, but to create value for shareholders.

[–] sudo42@lemmy.world 1 points 6 months ago

At a certain point, a company’s primary product becomes its stock.

That's a very concise point. Thank you for this insight.