#MastodonMedia Jan 24, 2023
@mmasnick expands on @pluralistic 's thought provoking treatise 'Tiktok's enshittification', laying blame on the imperative for maximizing near term shareholder value.
Techdirt: How The Friedman Doctrine Leads To The Enshittification Of All Things >>> https://www.techdirt.com/2023/01/24/how-the-friedman-doctrine-leads-to-the-enshittification-of-all-things/
"maximizing revenue in the short term... often means sacrificing long term sustainability and long term profits."
(Tiktok's enshittification >>> https://pluralistic.net/2023/01/21/potemkin-ai/)