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(lemmy.ml)
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doesn't have to be, it's enough it's not propped up by venture capital. all the results of enshittification are directly the result of venture capital wanting a 100x return on their investment.
a privately owned business that's not focused on 100x-ing someones investment but content with the profit their enterprise generates (think Steam) is inherently good to its customers.
Like I said your mileage may vary, also even a good business like Steam can turn bad over time. That's the fundamental problem with privately owned businesses. A lot of utterly deplorable companies today started out with the best intentions.