this post was submitted on 23 Dec 2023
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there are companies whose whole ethos is "buy company with good reputation for quality then use that to sell less quality stuff but we get richer then drive it into the earth and sell off the bones of the reputation we ruined for our personal profit" which is similar to enshtification but not the same thing because it was happening without a web layer.
with the web layer added into the equation it is even easier.
enshittification basically
The term is Vulture Capitalism
Scwhinn bicycles for example