Pluralistic: Tiktok’s Enshittification (21 Jan 2023) – Pluralistic: Daily Links From Cory Doctorow

This is enshittification: Surpluses are first directed to users; then, once they're locked in, surpluses go to suppliers; then once  they're  locked in, the surplus is handed to shareholders and the platform becomes a useless pile of shit. From mobile app stores to Steam, from Facebook to Twitter, this is the enshittification lifecycle.