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It's a process known as Enshittification.
Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die.
The rest of the read is quite good.
SOXL - an EFT for US semicondutor companies is doing well.
Interest rates go up > VCs can't barrow free money and demand a return on investment > companies try to demonstrate profitability > enshitification
Part of it is the standard crisis of capitalism, the profit you get from doing the same thing always declines, so over time you have to push up revenue (increasing prices, forcing people to pay, showing more ads, gathering more data, etc) & push down costs (fire engineers, run on less hardware, etc)
Part of it is capitalisms natural tendency to create monopolies, and the lack of competition in a given field causing the company to then lose sight of what it's good at to compete in a bigger field.
Part is that interest rates mean loans are no longer cheap, so taking on debt to get customer, to at some point down the line make money, is a less viable plan. Twitter is a special case where the bad loans are because that was the original deal not interested rate related, and Musk is trying to pull all of the enshitification levers at the same time.
Part is that CEOs generally don't have a fucking clue about their products or what they are doing (it's a circuit job about who you know/blow, not what you know), so once one CEO starts firing/enshitifying, the rest just copy them so as to not be left out.
We have reached the stage where the snakes have grown large enough that they must prey on their own tails, for there is nothing left to eat.
It's more like you now notice this because it have visible effects, but it's been going on for years. Restricting content, abusive rules and stupid changes have been the norm, all toward a centrally controlled experience geared toward generating internal profits on the back of users and content creators.
It's also why some prominent content creator started their own platforms, too.
It's just that now it reaches "intolerable" level for most end-users.
All of a sudden?
My dear, sweet summer child.
Because investors are tired of the model where they dump a shit load of cash into something that has no good path for monetization. So they’re forcing them all to make money which hurts users.
I'm not sure YouTube ever wanted you using adblockers.
The tech companies tend to follow the leader on unpopular actions. The first-mover bears the brunt of the backlash, allowing the copycats to implement the same policies without the same flak. Witness Twitter introducing fees and then Facebook following suit. Witness Twitter banning third party apps and Reddit... you know the rest.
Not really "all of a sudden", this has been a long process. The often repeated enshittification thing is fully valid. The short version is:
Google, Amazon, Facebook, Twitter are the more obvious culprits, but every big tech company does something similar, one way or another, even hardware companies like Intel or Nvidia
Because usually the greed, money and power corrupts, no matter how good you are in the beginning.
i e read this mostly because of AI…
YouTube is blocking adblockers? News to me
They've got you - you're addicted and/or locked in and the hastle of moving to alternatives is too great. The short answer is : 'They no longer need to be favorable, they have you, your data, and your friends and it's too much effort to go somewhere else'
It's like an abusive relationship, they know they can do things against their customers but most will come back willing to pay to make it work. This trend will not stop until enough people leave.
It always boils down to corporate greed unfortunately
Just wait till you have to pay per email. You're not still using Gmail are you?
That doesn't fix YouTube's core issues with the ads that they run, impacting every free user without an ad blocker: 1) Not 100% safe 2) Unscrupulous advertisers, sometimes running scam ads 3) Poor user experience re: ads (far too many in general, and multiple mid-roll ads per video make for a horrendous time).
I'm not going to reward them for these misbehaviors toward their user base by buying their "Premium" service. Same for any other site that does this and offers a "Premium service" to fix the problem that they, themselves, created. There are ways to have safe ads, and fair user experience even with them in play.
EDIT: This was supposed to be a reply in a post chain below, and it got stuck as a new comment. Lemmy growing pains, lol (looks like we've added about 4k or so users on .world today alone... welcome new folks!)
Well, I hope the Fediverse works out. Otherwise I think were gonna have to go back to hand printing zines.
You joke, but Reddit did something to piss me off a few months before the current fuckery, and I decided to find an alt and there weren't really any, like I found Mastodon but that's more of a Twitter replacement, never encountered this site while searching. What I ended up doing was downloading a bunch of books and putting them on my phone, then putting the books app where my Apollo app used to be on my homescreen. Now, more often than not, when I go to scroll, I end up just opening a book. I've got a little over 40 on there, they keep my progress, even across devices, and they work when there's no signal so I no longer have to fear public toilets with shitty cell signal lol.
I would also love to know the app! I actually did the exact same thing except I used my To-Do list app where Reddit is Fun used to be and it has honestly helped already.
That's a good idea. There's so much stuff I should/could be reading in the time I'm browsing social media.
Especiallybas a software dev with all the new tech that is coming out, will hopefully get myself to do the same (with Lemmy as a backup of course)