Some smarty brain over on kbin had this linked in a thread about what the absolute fuck is going on, on the internet lately - and it does a fantastic detailed postmortem on what I’d just kind of half-ass said in a previous comment in this silly self community.
But it IS important to understand what’s happening because it’s not an isolated incident.
We do need to rethink how the the 90s cut media monopolization loose via the Telecom Act. It was the true beginning of the enshittification.
There is no need to coin a new, cute term for this. It’s just rent seeking. It’s nothing new, just in a slightly new form to match the technology.