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this post was submitted on 11 Jan 2024
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I mean, thats the way the capitalist, stock-return-driven economy works. The market expects a company to constantly grow to pump their stock price, so they have to find new revenue or cut costs somewhere. But they can't do that forever...
The founders build a great product to pull in users, then they go public, then the MBAs turn to enshittification to drive more revenue and get rich while they can. The rest of us then move on to the next platform, if it even exists....