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A lot of technological flux going on right now, what with an entire generation partially trained to do WFH and job mobility that brings, the retirement of the tech-phobic boomers, the extremely tight labor market, Russian money going to "more important endevors" (which might also be why bit coin is down), and AI threatening to automate 80% of the workforce. Tech company owners are frightened and making random dumb or scared decisions because of it.
Turns out infinite growth without covering your costs doesn't work out
Because they are all beholden to shareholders, not users (or prepping for IPO)
Companies in general are just designed to make more profit, that‘s it. All their decisions make sense from a business perspective, they are just shitty for us from a human perspective. This is why we need decentralised platforms which aren‘t inherently profit seeking.
Funny also how every time someone criticises capitalism someone shows up attributing all technological advances to capitalism. No. It‘s the people, under any economic system there will be inventions, it is small minded to think people only innovate or work out of greed, if that were so the entire open source just wouldn‘t exist and volunteering wouldn‘t exist.
Cory Doctorow has some very interesting blogposts on the topic. He call it enshittification. It's more or less the business model of plattform Capitalism.
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I don't know honestly, greed probably. But it's such a shame. It seems like the internet as a whole is heading in a horrible direction, and not enough people care about it for there to be something done about it.
The climate is heading in a horrible direction, and not enough people care. Politics are heading in a horrible direction, and you know what? Not enough people care!
Sorry, the last 4 years has made me very cynical. And I'm in a particularly blue mood today.
I honestly feel like - and this is just my thought, no data to back it up - all the major companies or sites felt like they were the only ones around, there was nothing to replace them, so they could make whatever decisions they wanted to make.
Like when we all left Digg for Reddit - Reddit was already a thing so it was a relatively "painless" switch. With this one it's like... Musk took over twitter and I sort of heard about the fediverse but I'm personally waiting for Hive to get a desktop - but once Reddit started doing it's thing it was like "yeah I really need to move now" and kbin had a much better landing page than any of the other fediverse things I'd stumbled upon which really helped with the onboarding... And it's been nice watching it grow.
But yeah previous to this it was like...there was nothing else available so why did they have to care about what they did if we were "stuck" there with the decisions they were making anyway.
lol...and yet here I am on kbin so - yeah looks like that plan (assuming it's at all correct) didn't pan out entirely like they were hoping.
Twitter is sui generis because they were acquired impulsively by a maniac. But for the others, I think it’s just that interest rates were super low for a long time and now they’ve gone back up to a more historically normal level.
Centralization, money, power, money, stocks, money. These are just a few reasons. Did I mention money? Oh, and also, money. They're sucking up to investors, and finding ways to get through the up-coming(or on-going) recession without major losses. The only losses are ours.
The venture capitalists that have funded these programs at a loss for years have decided they want to see a return.
The inevitable collapse of a deeply flawed economic system working exactly as intended.
Capitalism. Companies go public (or already were public) and then they can no longer be happy with what they had and need to acheive infinite profit growth. That's partially why companies like Valve, that are still luckily entirely private, can make seemingly consumer-focused decisions and not just chase infinite profits. That's how they've been able to invest so heavily in Linux with such little short term gains. Valve still makes shitty decisions sometimes but it would be 10x worse if they decided to go public.
There are lots of reasons. One of them I've seen is that monetizing a thing like a website or online community without bleeding it to death is hard and presents unique challenges. But the CEOs of the world are trying to do it with the same skillset they used to become regular CEOs. It is the issue behind a great deal of problems... our society winnows down business leaders to one type of person for efficiencies sake, but then that type of person is rarely capable of non-exploitative or long term thinking.
Because they all saw that Elon repeatedly shat all over Twitter and users praised him for it instead of running away. Now all of them are firing half their staff and putting all pretense of caring overboard.