this post was submitted on 26 Dec 2023
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Sounds like Enshittification.
Here's the summary for the wikipedia article you mentioned in your comment:
Enshittification, also known as platform decay, is the pattern of decreasing quality of online platforms that act as two-sided markets. Enshittification can be seen as a form of rent-seeking. Examples of alleged enshittification have included Amazon, Bandcamp, Facebook, Google Search, Quora, Reddit, and Twitter.^article^ ^|^ ^about^
Thanks :)