@trickscrews wrote:
Plus, there will probably not be a better word that has defined eBay for at least the last decade, and that will continue to define eBay in the next decade.
It’s a real word in the title of a big article in the Financial Times. UKs Wall Street Journal except it an evolved publication.
Coined by the writer Cory Doctrow in November 2022; the American Dialect Society selected it as its 2023 Word of the year. E-n-s-h-i-t-t-i-f-i-c-a-t-i-o-n, as defined by Doctorow, is a process that online platforms undergo from being user-friendly and valuable to gradually turning into revenue-driven platforms at the expense of user experience.
A quote from Doctrow that defines this term in "Wired" Magazine:
"Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die. I call this e-n-s-h-i-t-t-i-f-i-c-a-t-i-o-n, and it is a seemingly inevitable consequence arising from the combination of the ease of changing how a platform allocates value, combined with the nature of a "two sided market", where a platform sits between buyers and sellers, hold each hostage to the other, raking off an ever-larger share of the value that passes between them."
