this post was submitted on 25 Sep 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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I don't know why Meta is so eager to finish destroying itself. How long do you think people will be interested in ready AI-generated mush? Not that the quality has ever been high on Meta's platforms; this will most likely accelerate the disillusionment with their offerings. I can't say that is a bad thing, really.
It's the same thing with Reddit- investors believe that as long as you are adding users, you have value. And now of course you can have bots create hundreds of accounts every day...