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this post was submitted on 16 Aug 2024
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Enshittification
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What is enshittification?
The phenomenon of online platforms gradually degrading the quality of their services, often by promoting advertisements and sponsored content, in order to increase profits. (Cory Doctorow, 2022, extracted from Wikitionary) source
The lifecycle of Big Internet
We discuss how predatory big tech platforms live and die by luring people in and then decaying for profit.
Embrace, extend and extinguish
We also discuss how naturally open technologies like the Fediverse can be susceptible to corporate takeovers, rugpulls and subsequent enshittification.
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I'm not sure if you read the article, but it's a $2 fee per month not 10, and current/past users are grandfathered in. New accounts made after Aug 21 will be charged. It's a stupid decision that will cost them a fortune from bad press alone, but they have done almost exactly what you've said.
I had not read it. I appreciate the correction