this post was submitted on 17 Jul 2023
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[โ€“] Lenins2ndCat@lemmy.world 4 points 2 years ago* (last edited 2 years ago) (1 children)

Mostly true although I'd caution on the use of "profit" here. Profit isn't the problem that causes this. Growth is. Almost all of these companies grow using investor money operating at a loss, radically cut costs then sell, netting their investors a packet.

It's when the growth slows that the enshittification occurs (via radically cutting costs).

The only "profit" that matters is at the point of sale for the various company owners that invested.

[โ€“] Chickerino 1 points 2 years ago* (last edited 2 years ago)

yea i agree, growth would be a better word to use here