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They are definitely related. The social media 'enshitification' is a subset of all tech/industry 'enshitification'

Think the Doctorow 'Enshitification' was more broader than just social media, and was all technology, even non-social apps eventually turn bad as the goals switch from being focused on the user and providing value, to corporate greed trying to extract money from the user.

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Isn't enshittification simply the business cycle? It's describing in detail the why of the bust portion of the cycle.

It's an annoying word in itself, and yes, it's simply business as usual in startup land. Invest aggressively at a loss to accelerate growth, then later monetize, if you get that far.

Can't we do better? Have a stable business, organically growing and profitable from the start?

No. Tech is winner takes all. You need to be first and grow the fastest or somebody else will.

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