Slightly cynical take on a product life cycle graph for tech platforms that can be applied to other products as well.
At product launch, the customer (or supplier) is attracted by a good deal because the product is subsidised by, say, venture capital. At the point where the platform has a monopoly, a company can exploit the market or suppliers. There almost inevitably follows a period of enshittification where the product is stripped, customers have to pay more for less or suppliers see their revenues reduced. At this stage, many will face sunken cost fallacy. At some point, the product is no longer worth the effort.
Sillystrations from the quiver of Grüntyers fabrication... Read more…