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this post was submitted on 12 Jun 2024
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Enshittification
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What is enshittification?
The phenomenon of online platforms gradually degrading the quality of their services, often by promoting advertisements and sponsored content, in order to increase profits. (Cory Doctorow, 2022, extracted from Wikitionary) source
The lifecycle of Big Internet
We discuss how predatory big tech platforms live and die by luring people in and then decaying for profit.
Embrace, extend and extinguish
We also discuss how naturally open technologies like the Fediverse can be susceptible to corporate takeovers, rugpulls and subsequent enshittification.
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$31.5 billion in revenue in 2023. [Source]
This doesn't include subscriptions, which accpunt for around another $10-12 billion.
The company is worth hundreds of billions. So, no, I don't think they're suffering from ad blockers.
Ah yes, the good ol' revenue is just a synonym to profit. Classic.
Ah the ol' I have no real argument here and have no idea why I'm actually whiteknighting for a multibillion dollar corporation so I'll just act skeptical regardless of what's said.
Lol. Okay revenue=profit guy. You've said enough.