This shit isn’t hard to predict, yet huge numbers of people treat you like a delusional conspiracy theorist when you say that a tech service provided by a company/org that converts into a public corp and plans to do an IPO… is now fully shifting into ‘make everything shitty and squeeze as much money out of it as possible’ mode.
Yep this is the explicit strategy. 1) fund growth off of VC cash at a huge loss; 2) when VC gets tired and no other VC wants to step in, turn to enshitification to provide the VC with liquidity options.
That’s it, that’s the playbook for the past 20 years and probably longer.
Fucking called it.
This shit isn’t hard to predict, yet huge numbers of people treat you like a delusional conspiracy theorist when you say that a tech service provided by a company/org that converts into a public corp and plans to do an IPO… is now fully shifting into ‘make everything shitty and squeeze as much money out of it as possible’ mode.
Yep this is the explicit strategy. 1) fund growth off of VC cash at a huge loss; 2) when VC gets tired and no other VC wants to step in, turn to enshitification to provide the VC with liquidity options.
That’s it, that’s the playbook for the past 20 years and probably longer.