Enshittification is a great term. Great piece by Cory too. I wrote something similar about 'UX Erosion' a few years ago about the same dynamic on social apps:
>UX Erosion, n; 1. shiny new service & concept appears with great UX that attracts creators, followed by a slow undermining of that UX, transitioning from delight-oriented to lock-in, habit, and apathy.
>UX Erosion, n; 1. shiny new service & concept appears with great UX that attracts creators, followed by a slow undermining of that UX, transitioning from delight-oriented to lock-in, habit, and apathy.
https://nickpunt.com/blog/ux-erosion/