I think the main problem with these companies and the startup/tech bro culture (mostly in the US) is that they are growing for the sake of just growth itself, because they want to get their own. The original idea is to grow as big as they can, IPO, then sell it off. They weren’t designing things to be profitable from the start. So eventually they all reach a stage where they are hemorrhaging money too much, and that is where all the enshittification happens (investors come in, they try to make it a real business now, but it wasn’t really feasible to be a business to begin with).
I think the main problem with these companies and the startup/tech bro culture (mostly in the US) is that they are growing for the sake of just growth itself, because they want to get their own. The original idea is to grow as big as they can, IPO, then sell it off. They weren’t designing things to be profitable from the start. So eventually they all reach a stage where they are hemorrhaging money too much, and that is where all the enshittification happens (investors come in, they try to make it a real business now, but it wasn’t really feasible to be a business to begin with).