Define "value".
Capitalist apologists will swear up and down that it's about creating value for customers. That is, creating something that people will want to buy/use.
I think that's incredibly naive and idealistic. The goal is simply to get rich (and for some, being in the top 10 riches in the world isn't enough). Producing something consumers will buy/use is nothing more than a means that must be optimized for maximum profit. Corporations will reduce value to customers when it results in greater profits.
> How is destroying a platform making tons of money capitalism?
Because it creates more profits, and that's all capitalism is. Maximizing profits.
That's really it. It really is that simple. Call me cynical if you'd like.
> The whole thing is caused by "shortermism" & "managerialism".
IMO, those are by-products of capitalism. Create short-term profits at the cost of long-term profits and bail out after you've made your money and let someone else hold the bag.
If anybody cared about long-term profits, then earnings reports would be every 3 years rather than every 3 months.