The grand old enshittification curve strikes again. Remember, as stated by Cory Doctorow, the process of enshittification entails these steps: first, they are good to their users; then they abuse t…
Many of their services are quite good. Their management and business operations have been turned to utter shit (for consumers). They’ve been told they need to make more money every quarter and they’ve run out of easy things to make money on, so they’re now looking at their entire catalog with the sole focus of revenue generation and profit growth rather than merely being an impactful internet resource which is sustainably profitable.
I have the opinion here that stocks should be harder to trade. If you bought stocks and had to hold them for a 5 year period, and instead got paid a dividend, then the push for quarterly results would not force companies to be quite as rapidly self-sabotaging. Corporate bonds instead of trying to beat the bell. IPOs and that market are the root cause to a lot of shit.
Google became the thing they disrupted. Now all their services are shit.
Many of their services are quite good. Their management and business operations have been turned to utter shit (for consumers). They’ve been told they need to make more money every quarter and they’ve run out of easy things to make money on, so they’re now looking at their entire catalog with the sole focus of revenue generation and profit growth rather than merely being an impactful internet resource which is sustainably profitable.
I have the opinion here that stocks should be harder to trade. If you bought stocks and had to hold them for a 5 year period, and instead got paid a dividend, then the push for quarterly results would not force companies to be quite as rapidly self-sabotaging. Corporate bonds instead of trying to beat the bell. IPOs and that market are the root cause to a lot of shit.