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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Youtube became big before hosting video became in any way approachable for a small operation, it was a VC-funded project to corner a market incurring massive operational losses and then they got bought up by google who funded further massive losses and now they're trying to cash in.
I mean it's not like we didn't torrent back in the days but noone thought about building a creator platform out of it.