Well, doesn't that specific meaning apply here? I mean, the lack of protection for end-users is at first compensated by investment money (low prices and huge effort on support). Once network effect is reached, the unregulated nature of the platform shows, end-users are wronged, only providers profit from the lack of regulation ...
Or maybe I don't understand the meaning of enshittification?
No. The whole point of enshittification is that it is an intentional process, a bait-and-switch. You get a cool free service, you become dependent on it, and then they start monetizing it and limiting it.
My understanding is it is more tied to crafting UX that maximizes profit. Many cases involve both enshittification and regulatory arbitrage (as a peer comment so eloquently put it)
Yes I know, which is why I looked up the Wikipedia definition to make sure I was using it correctly.
Stripe provides a trusted service to its users, has a great reputation, then implements changes that will degrade that service by avoiding regulations designed to protect the consumer.
