this post was submitted on 06 Mar 2025
358 points (95.9% liked)
Fediverse memes
3064 readers
1 users here now
Memes about the Fediverse.
Rules
General
- Be respectful
- Post on topic
- No bigotry or hate speech
- Memes should not be personal attacks towards other users
- We are not YPTB. If you have a problem with the way an instance or community is run, then take it up over at !yepowertrippinbastards@lemmy.dbzer0.com.
- Addendum: Yes we know that you think ml/hexbear/grad are tankies and or .world are a bunch of liberals but it gets old quickly. Try and come up with new material.
- This is not the place to start flamewars between Lemmy, Mbin and Piefed.
Elsewhere in the Fediverse
Other relevant communities:
- !fediverse@lemmy.world
- !yepowertrippinbastards@lemmy.dbzer0.com
- !lemmydrama@lemmy.world
- !fediverselore@lemmy.ca
- !bestofthefediverse@lemmy.ca
- !fedigrow@lemmy.zip
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
Enshitification drives stock prices. Only the rich care about stock prices and they have no interest in using the platform. The platform dies off a death of a thousand cuts… story as old as time
I think it's more stock prices / shareholders drive enshittification
Sure but why would they drive it unless it drove stock prices.
I still don't understand it, how does making a product worse drive stock prices?
Because they make the product worse to gate working features behind a paywall without spending development time and money. It’s the opposite of innovation, it’s going backwards. The parasite class (investors) reward that behavior with more investment because now the company has increased profits by selling the working used-to-be-free features at a premium. They couple that with buybacks and layoffs to juice the stock price … and then discard the husk of a company and start a new one
It means they can make people see more ads.