zlacker

I observed this enshittification happen at my tech company. When we were smaller, the C-Suite bent over backwards to keep the product good and sane.

Then they went public. This attracted a lot of new managers and ladder hoppers.

As a public company, the board, the C-Suite, the immense layers of management all were incentivized to boost stock prices to boost their own compensation.

They did this ethically during the low interest rate environment. But with higher interest rates, the only way to maintain growth is via scummy nickel and diming.

So execs and all the management layers do nothing but enshittify the product so that the gravy train can continue for at least a few more quarters.

Thus, customers are left hanging with shitty products.

Imo, the solution is to never buy long-term subscriptions from public companies with listed stocks, if possible.

>>nine_z+(OP)
If you think public companies are bad, wait until you look at the track record of companies bought by private equity or hedge funds. :s

>>nine_z+(OP)
> But with higher interest rates, the only way to maintain growth is via scummy nickel and diming.

Or they could just charge more for new bulbs as the bulbs burn out. Why ruin the user experience? Just charge me an extra dollar and move on.

>>epicur+N1
> Why ruin the user experience? Just charge me an extra dollar and move on.

That's risking losing you as a customer. Turns out, a lot of customers think our services are already too expensive.

>>nine_z+(OP)
Why would interest rates be the factor here? Some of the highest interest rates historically was during the time that some of the best, most reliable products were born?

>>bloqs+n2
> Why would interest rates be the factor here?

The projected growth of revenue is not likely to materialize with higher interest rates. Investors will not invest in the stock as compared to the risk free 5% from US treasuries. So the stock will likely not grow any longer. More likely to flatline or collapse.

This makes the paper billionaire CEO a mere hundred millionaire, which is unacceptable.

>>bloqs+n2
You have to work even harder to attract investors in a high-interest-rate environment. Equity and bond returns must beat safe investments like Treasurys, or no one will invest in them.