‘Enshittification’ is coming for absolutely everything::The term describes the slow decay of online platforms such as Facebook. But what if we’ve entered the ‘enshittocene’?
‘Enshittification’ is coming for absolutely everything::The term describes the slow decay of online platforms such as Facebook. But what if we’ve entered the ‘enshittocene’?
I didn’t say they were operating at a loss, I said they were unsustainable. They’ve been profitable since 2003, but their profit relies on content. With everyone else pulling their content, their cash flow needs to be huge to produce content they can use to attract customers. $10 per subscriber isn’t enough income to sustain the cash flow needed to produce that much content, so they raise their prices to become sustainable. When they relied on licensing content from rights holders, their expenses were smaller, but they have been losing the ability to rely on that.