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

submitted 9 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’?

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[–] apfelwoiSchoppen@lemmy.world 4 points 9 months ago (2 children)

In the case of Uber, it isn't simply good because they ousted many the taxi cab companies along the way with those subsidized ride rates.

[–] cm0002@lemmy.world 0 points 9 months ago

because they ousted many the taxi cab companies along the way

GOOD, FUCK TAXIS

I will pay double the non-subsidized rates for an Uber before I ever even think about taking a taxi ever again. Until the threshold when it makes sense to just rent a car anyways.

[–] OldWoodFrame@lemm.ee -4 points 9 months ago

I agree that running other companies out of business by losing money with VC funding is anticompetitive and bad, that just isn't what I'm talking about here.

I disagree that the increased prices is from some newfound monopoly power. They didn't succeed in becoming a monopoly, they just made the business decision to become profitable by charging more, and they did that due to the new interest rate environment.