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Joined 1 year ago
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Cake day: June 28th, 2023

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  • “Rent-seeking is the act of growing one’s existing wealth by manipulating the social or political environment without creating new wealth. Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, reduced wealth creation, lost government revenue, heightened income inequality, risk of growing political bribery, and potential national decline.”

    None of which have anything to do with a tech company purposefully dumpstering usability in favor of profits.

    Enshittification is the otherwise poorly-described process by which a company establishes itself with a new service or product and immediately begins finding ways to further monetize said product or service that in no way adds to their offerings.

    Look no further than Reddit for a prime example. “We’re totally a bastion of free speech and user-generated content, okay not that speech because the advertisers don’t like it, but nobody likes Nazis so fuck 'em, but also we need more revenue so we’ll allow SOME Nazis, and now we need to offset the lost advertisers so let’s add gamification and awards and avatars you have to pay money for oh by the way we’re getting rid of tits because advertisers don’t like those, look you plebs are too costly and our precious advertisers are the ones that actually make us money so everything you do has to fall within their restrictions, fuck you all how about you just die in individual car fires, we were never about free speech, I am Spez, hear me r/oar.”


  • The board of directors for a company is supposed to act as an internal balance. They’re the ones that do the overall governance and make sure shit isn’t going sideways. Basically, they’re the ones that are supposed to watch the watcher (CEO).

    What likely happened is that the CEO and others in charge of decision making didn’t give a shit that an ever-increasing number of their users were bots because it made numbers go up. Advertisers were still paying. 20 million users looks GREAT for an IPO. Who cars if they’re fake?

    The board did their job, which was to fact check everything that went on.

    With 95% of users being fake this means that there really is no way to be sustainable but more importantly THIS IS FRAUD.

    No users, advertisers are being deceived, users are being deceived, potentially the fucking SEC being deceived… yeah, you pull the plug as soon as you find that shit out and start pointing fingers.