Isn’t that a prerequisite for enshitification? Publicly-traded companies are required (by law, I think) to maximize profits for their shareholders, even if that means utterly ruining their original product (Reddit, Boeing, etc.), yes? What do you think?
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The ones that are successful at enshitification have captive markets. They’re a monopoly, monopsony, or in another kind of inelastic market. https://pluralistic.net/2024/04/24/naming-names/
