I feel like people are ignoring that Netflix was bleeding money during their “golden age”. They only switched to being profitable a couple years back. A lot of times what people describe as enshittification is just unprofitable companies having to come up with an actual business model as venture capital dries up.
You can also argue that silicon valley has that particular business model of purposely making a product look great and cheap until enough people sign up.
It’s distinct from how most companies run in the red at their inception in that those traditional businesses would gladly be in the black but are waiting for economies of scale or building a reputation among consumers.
I feel like people are ignoring that Netflix was bleeding money during their “golden age”. They only switched to being profitable a couple years back. A lot of times what people describe as enshittification is just unprofitable companies having to come up with an actual business model as venture capital dries up.
Also, merry Christmas:)
You can also argue that silicon valley has that particular business model of purposely making a product look great and cheap until enough people sign up.
It’s distinct from how most companies run in the red at their inception in that those traditional businesses would gladly be in the black but are waiting for economies of scale or building a reputation among consumers.