Enshittification, also known as crapification and platform decay, is a process in which two-sided online products and services decline in quality over time. Initially, vendors create high-quality offerings to attract users, then they degrade those offerings to better serve business customers, and finally degrade their services to users and business customers to maximize short-term profits for shareholders.
More here. I maintain that enshittification extends beyond online services to all instances when a company ceases to deliver a beneficial good in order to maximize profits.
If your grocery store has shifted from selling low-margin, high-quality food to overindexing on candy and junk food, your grocery store is enshittified.
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