The Enshittification of Everything
Let's not kid ourselves, all this - not just tech, but all of it - is due to the weird shareholder mentality that growth is only ever reflected in an increasing share price, which in turn comes from a desire to own without consequence. If shareholders were forbidden from selling for, say, a year, they would HAVE to focus on getting a company to turn a real profit that could be paid as dividends. Sadly, that just leads to asset stripping or Murders and Acquisitions and nowhere is there any plan to genuinely deliver value to customers in return for their money.
The System Is Broken and billionaires break it faster and harder than anyone else. Grab your knife and fork folks, it's time to Eat the Rich. Not your well-off neighbour, but the ones with the yachts that cost more than your housing estate, let alone your house. Heck, a cutoff for consumption of a billion and up would be enough to turn this around.