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The influence of Wall Street and Private Equity firms play a large role in enshittification. Private ownership might be the strongest protection against it for
by hx8 3y ago
The influence of Wall Street and Private Equity firms play a large role in enshittification. Private ownership might be the strongest protection against it for for-profit companies. This protection can feel temporary as human mortality will force the company to change hands. Wall Street seems content to wait for their chance to pounce.