this post was submitted on 13 Jun 2023
531 points (100.0% liked)
Technology
37739 readers
746 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Wow the enshittification is at full throttle across silicon valley! Guess those investors gotta get those returns now that interest rates are spiking!
I have to imagine many of these investors also have money in areas whose prices have skyrocketed due to "inflation." They've seen the profits other industries are getting away with and now big tech feels the need to do the same. These companies are supposed to be the future, after all... How will it look if big oil is more profitable than mainstream digital platforms? To investors, it looks bad.
Sadly, when your ability to generate profit relies on using your users (or the developers and mods that run your platform cough Reddit) like cheap labor, rather than providing better product at reasonable prices, digital platforms suffer in usability or features. It's kind of a lose lose for anyone that actually cares, because so far the market hasn't self-corrected.