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“ENSHITTIFICATION (noun, colloquial): the gradual deterioration of a service or product brought about by a reduction in the quality of service provided, especially of an online platform, and as a consequence of profit-seeking”
https://www.macquariedictionary.com.au/word-of-the-year/word-of-the-year-2024/
…used by folks who don’t understand how venture capital/capitalism works to blame individual platforms instead of the system at large.
e.g., Do you think this latest VC-funded platform will enshittify like the others or is it safe to use?
Macquarie - · Word of the Year 2024 - MacquarieEach year, the Macquarie Dictionary calls together a selected Committee to discuss the new words and definitions that have entered the Macquarie Dictionary over the year. The aim of this is to select one of these to be awarded the Committee’s Choice Word of the Year. As part of this process, our editors create a