Re:Teddit Is Shutting Down
by unforeseen9991 on Sunday July 16, 2023 @12:35AM
(#36743693)
That's part of what happened, but I think the reason that crony capitalism happened in the first place was the demographics changed. Companies don't "want" do to anything but exploit something to make a profit.
When ICQ was huge, it wasn't your average joe sixpack using the internet. Now that it is, there's a lot of money to be made.
Crony capitalism and big tech monopoly is what happened. These companies achieved success by doing innovations once but today they no longer want to work the hard route of innovating things. Instead, they're using the "legal" and convoluted route that involves closing the source code or build processes of everything, acquiring the small competitor who tries innovation and shut it down, encouraging walled gardens and non-standard APIs everywhere, etc.