From Cory Doctorow:

Here is how platforms die: First, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die.

https://www.wired.com/story/tiktok-platforms-cory-doctorow/

Some of it is because we had a decade of cheap borrowing which has come to an end and many of these platforms were never profitable.

I have a sinking feeling that these moves are not about money, but more about power and manipulation. If you squeeze these user bases such that the savviest users are forced out, those more likely to ask “Why?” about damn near anything, you will own access to a group of people that can be influenced to think/do/buy whatever the top management and/or majority shareholders want. If you lose a few million users, what does it matter if they were dissidents to your goals?

The timeline split after harambe. This is known

please can youtube be next?

I really want to stop using my google account and that’s the only thing keeping me from moving away from it.

twitter was overvalued. reddit has made a lot of questionable business decisions over the last decade or so but their recent API change will be their death knell. it feel like a cash grab. I personally only use Twitch to watch Bob Ross reruns :P

From everything I have observed, businesses are hunkering down for a recession in the next fiscal year. It explains the lay offs, the penny pinching, and puzzling decisions that look like business suicide.

For services that are free for users, advertising revenue and investment fund raisers are the only thing keeping them afloat. With banks like SVB getting seized by the FDIC, it’s starting to scare investors. Advertisers are seeing the writing on the wall that people will stop spending as much as they used to. We are also probably seeing jacked up pricing across the board because businesses are taking what they can before it’s gone.

So what’s left? Squeeze users for money. Additionally, shed users that actually cost them money and these tend to be power users. The question, which everyone seems to be assuming is a foregone conclusion, is if this shedding strategy will end up killing the service. In reality, we don’t know but the idealists would sure feel good if someone else ate their market share.

I’m just glad that federation is picking up steam in the social media space.

The reality is that nothing is really dying and nothing is really changing. Twitter is still fully operational and other than a small hit nothing happened. Twitch already did a step back. For Reddit we’ll see but only a really small percentage of reddit is using third party apps.

What happened with Twitch? I’m out of the loop there.

This Lemmy migration does feel like waaaaay more positive of a result than I ever expected from reddit getting worse.

I’ve always appreciated the idea of the fediverse, but mastodon and the twitter-style of social media has never appealed to me, and Lemmy used to be so tiny and niche, so I didn’t invest much time in it until now. But this sure is nice, comparatively. I’m probably on here too much though!

Well, while it is surprising it’s all happening within a year or so, it’s not unexpected at all.

They’re ultimately for-profit companies. They have openly demonstrated the obvious truth that when push comes to shove, users don’t matter to them, at least not as much as money. Our attention was the product.

These companies have proven time and time again that a quick moneygrab will win over retaining the people who make the site work. capitalism 101 baby.

We’ve reached the end of the VC-funded golden age where they are all now demanding a return on their investment, hence why the screws are now all getting tightened.

All these websites have almost always been net cash flow negative. They bleed venture capital to provide a service below cost in order to build a user base.

The problem now is interest rates have spiked. Rates have been basically zilch for much of the internet’s history over the past 20+ years, so sites could actually operate for quite some time on super cheap debt that they almost never had to repay. And venture capital firms would just keep pouring money into the “next best thing”.

Now that debt is rapidly becoming much more expensive to maintain, and those VC investors want their chunk of the pie back in their pockets. And they are going to extract it from every single one of these centralized services by whatever force is necessary. It’s only just getting started, you watch.

Doctorow’s Enshittification describes it pretty much dead-on. It’s basically the cancerous form of late-stage capitalism that we’re living under now.

Elon Musk’s buyout of Twitter seemed more like an extremely elaborate shitpost that went horribly wrong. It’s like Musk never intended to buy them in the first place but was legally forced to do so (he tried to back out of the deal beforehand.)

As for Reddit, that place has been going down the shitter since around 2016. Power users have ruined that site, especially the handful of moderators that control hundreds of subreddits between themselves. Spez is a blithering idiot who has done more to censor and subvert the site than Ellen Pao ever did (ironically, everyone accepted it and didn’t revolt against him because he wasn’t a woman.)

That being said, I really hope Steve Huffman doubles down on the API changes and kills Reddit as a platform. Nothing would make me happier.

Twitch and YouTube literally think they’re too big to fall and work actively to fuck over the content creator, when decent competitors like Rumble and Kick are coming along. Mixer could have been decent but Microsoft’s strategy was literally to offer two streamers nine-figure contracts and somehow think this would drive people to their Twitch-clone. At least Rumble and Kick are competently run.

what happened with twitch?