Enshittification

Enshittification, also known as crapification and platform decay, is the term used to describe the pattern in which online products and services decline in quality over time.  Initially, vendors create high-quality offerings to attract users, then they degrade those offerings to better serve business customers, and finally degrade their services to users and business customers to maximize profits for shareholders.

Writer Cory Doctorow coined the neologism enshittification in November 2022, though he was not the first to describe and label the concept.  The American Dialect Society selected it as its 2023 Word of the Year, with Macquarie Dictionary following suit for 2024.

-- WikiPedia entry for Enshittification, describing a process just witnessed at Twitter, after its takeover by Elon Musk, and now being experienced by all in America, after its takeover by Elon Musk, where he seems to believe that he and Donald Trump are the shareholders