Enshitification drives stock prices. Only the rich care about stock prices and they have no interest in using the platform. The platform dies off a death of a thousand cuts… story as old as time
Because they make the product worse to gate working features behind a paywall without spending development time and money. It’s the opposite of innovation, it’s going backwards. The parasite class (investors) reward that behavior with more investment because now the company has increased profits by selling the working used-to-be-free features at a premium. They couple that with buybacks and layoffs to juice the stock price … and then discard the husk of a company and start a new one
I left Reddit because they killed 3rd party apps. Since that day, they’ve only gone on to butcher the platform even further.
Joining Lemmy was a damn good decision.
Enshitification drives stock prices. Only the rich care about stock prices and they have no interest in using the platform. The platform dies off a death of a thousand cuts… story as old as time
I think it’s more stock prices / shareholders drive enshittification
Sure but why would they drive it unless it drove stock prices.
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I still don’t understand it, how does making a product worse drive stock prices?
Because they make the product worse to gate working features behind a paywall without spending development time and money. It’s the opposite of innovation, it’s going backwards. The parasite class (investors) reward that behavior with more investment because now the company has increased profits by selling the working used-to-be-free features at a premium. They couple that with buybacks and layoffs to juice the stock price … and then discard the husk of a company and start a new one
It means they can make people see more ads.
damn good indeed! plus with a proper app for mastodon and pixelfed we’ve got it all!
Here here!
Hear, hear!*
Common mistake. The expression means ‘to listen to this person’.
Just a silly play on words because we’re “here”, ya hear?!
There are other lemmy-like sites as well BTW