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‘Enshittification’ is coming for absolutely everything (www.ft.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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‘Enshittification’ is coming for absolutely everything::The term describes the slow decay of online platforms such as Facebook. But what if we’ve entered the ‘enshittocene’?

(page 4) 50 comments

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[–] Thcdenton@lemmy.world 1 points 8 months ago

It's the bubble popping and its glorious.

[–] littlebluespark@lemmy.world 1 points 8 months ago

So, not unlike, say... "Ow, My Balls!" era IRL? That tracks.

[–] feedum_sneedson@lemmy.world -2 points 8 months ago

Okay that's it, it's been overused.

[–] JasSmith@sh.itjust.works -4 points 8 months ago

I really think this is overblown. Almost all the services encompassed by the term are luxury. We don’t need Netflix. Just stop paying for it. Businesses all follow a similar trajectory: concept -> growth -> monetisation -> decline. If you’re over 30 you’ve seen many companies rise and fall. They all fail eventually, and from their ashes rise new companies. If you’re ambitious, you’ll capitalise on the opportunity and your company will fill that gap.

Embrace change.

[+] OldWoodFrame@lemm.ee -8 points 8 months ago (11 children)

The phenomenon is due to pressures to be profitable instead of hemorrhaging money which is no longer free. For stuff like Uber, it just means it's more expensive because they are done paying for a portion of our rides from their VC money. That means it's pricing accurately instead of inaccurately, that's good. If you don't want to spend that much on a taxi, take the bus.

For stuff like reddit, it's harder. They don't charge, so they need to squeeze every little penny from advertising (hence forcing their app instead of 3rd parties), and try to find new funding streams like the AI API. On that you just have to hope that the new funding streams get big enough that they pay for the removal of some of the ads in the hope of encouraging more user growth. Or at least some app development.

And for TikTok, it's the same, they're hoping the e-commerce funding stream pays for the app so they can avoid going HAM on true ads.

Profitability is coming for everything, ZIRP is over. But there is the hope that enshittification can be reversed by new funding streams.

[–] Mango@lemmy.world 1 points 8 months ago (2 children)

What kind of toothpaste do you use?

[–] OldWoodFrame@lemm.ee 1 points 8 months ago (1 children)

Colgate

[–] Mango@lemmy.world 1 points 8 months ago

Does it get the taste of boot out of your mouth?

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[–] givesomefucks@lemmy.world -2 points 8 months ago (2 children)

Why'd you type all that if you just wanted to tell everyone you didn't know what you were talking about?

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