I mean there’s Reddit ofc, as well as Twitter in its entirety, Discord is implementing some dumb updates, there are issues with Tumblr as well as everything to do with Meta, and I’m sure there are plenty more (and I haven’t even touched other digital media, for example the Sims). Why is it all happening in the span of about a couple months?
I don’t think it’s from a specific bank, but it is probably related. From being inside the tech world, the general sense is that the “macroeconomic environment” is different, because of the interest rates, so companies are getting pressure from all of their investors and banks to behave differently. At a lot of places, this has led to layoffs, trying to reduce costs, etc. It also manifests as trying to squeeze out more profit at all costs.
I like the “enshitification” term for the actual process that Reddit and others are going through.
I learned a lot from reading that article; thanks a lot! It’s something I had an intuitive sense about, but the cynical moves these platforms have been making are much less mysterious now