Comment by oooyay

The hyperfocus on shareholder returns is also worth mentioning. It's tangentially related to a monopolistic trajectory. Instead of a company being really good at solving problems in a particular domain they attempt to serve many mediocre solutions in a variety of domains. Shareholders, VCs, and the like encourage this lack of focus on quality and replace it with a focus on margins. The solution for low margins is lower head count and greater diversification of SKUs. For many companies, it's a recipe for enshittification and spirals into mediocrity. Not to mention, when a company enters this phase the lives of employees begin to suffer greatly.