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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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[–] 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.