YouTube is running an experiment asking some users to disable their ad blockers or pay for a premium subscription, or they will not be allowed to watch videos.
I have to imagine many of these investors also have money in areas whose prices have skyrocketed due to “inflation.” They’ve seen the profits other industries are getting away with and now big tech feels the need to do the same. These companies are supposed to be the future, after all… How will it look if big oil is more profitable than mainstream digital platforms? To investors, it looks bad.
Sadly, when your ability to generate profit relies on using your users (or the developers and mods that run your platform cough Reddit) like cheap labor, rather than providing better product at reasonable prices, digital platforms suffer in usability or features. It’s kind of a lose lose for anyone that actually cares, because so far the market hasn’t self-corrected.
Wow the enshittification is at full throttle across silicon valley! Guess those investors gotta get those returns now that interest rates are spiking!
I have to imagine many of these investors also have money in areas whose prices have skyrocketed due to “inflation.” They’ve seen the profits other industries are getting away with and now big tech feels the need to do the same. These companies are supposed to be the future, after all… How will it look if big oil is more profitable than mainstream digital platforms? To investors, it looks bad.
Sadly, when your ability to generate profit relies on using your users (or the developers and mods that run your platform cough Reddit) like cheap labor, rather than providing better product at reasonable prices, digital platforms suffer in usability or features. It’s kind of a lose lose for anyone that actually cares, because so far the market hasn’t self-corrected.