‘Enshittification’ is coming for absolutely everything::The term describes the slow decay of online platforms such as Facebook. But what if we’ve entered the ‘enshittocene’?
‘Enshittification’ is coming for absolutely everything::The term describes the slow decay of online platforms such as Facebook. But what if we’ve entered the ‘enshittocene’?
In the case of Uber, it isn’t simply good because they ousted many the taxi cab companies along the way with those subsidized ride rates.
GOOD, FUCK TAXIS
I will pay double the non-subsidized rates for an Uber before I ever even think about taking a taxi ever again. Until the threshold when it makes sense to just rent a car anyways.
I agree that running other companies out of business by losing money with VC funding is anticompetitive and bad, that just isn’t what I’m talking about here.
I disagree that the increased prices is from some newfound monopoly power. They didn’t succeed in becoming a monopoly, they just made the business decision to become profitable by charging more, and they did that due to the new interest rate environment.