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Enshittification@lemmy.world · 5 months ago

Elon Musk's X revenue has officially plummeted, new documents show

cross-posted to:
anticorporate@lemmy.giftedmc.com

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Elon Musk's X revenue has officially plummeted, new documents show

Blaze@reddthat.com to

Enshittification@lemmy.world · 5 months ago

cross-posted to:
anticorporate@lemmy.giftedmc.com

Remember when Elon Musk said he wanted X to be more PayPal-like? New docs show this plan is still on.

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5 months ago
He was faking the numbers just long enough until he could pass the bill onto some other schmucks.

Enshittification@lemmy.world

enshittification@lemmy.world

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What is enshittification?

The phenomenon of online platforms gradually degrading the quality of their services, often by promoting advertisements and sponsored content, in order to increase profits. (Cory Doctorow, 2022, extracted from Wikitionary) source

The lifecycle of Big Internet

We discuss how predatory big tech platforms live and die by luring people in and then decaying for profit.

Embrace, extend and extinguish

We also discuss how naturally open technologies like the Fediverse can be susceptible to corporate takeovers, rugpulls and subsequent enshittification.

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