Mostly that IPOs put companies into ‘infinite growth mode’ which is obviously impossible, so their product just degrades over time. They can’t just do ‘good enough’ anymore.

Going publicly traded fucks every company up with nextquarter-itis.

Because the more commercial they get, the more they stray from their original purpose as a charity to provide low-cost machines for kids to learn about computer science.

First there was the Dynabook, then OLPC, then Raspberry Pi, and now we’ve basically got to start over yet again because enshittification is imminent.

In Tech, an IPO means the business is market ready to be sold off in pieces, ie stocks. The people who buy the product don’t care what it does, they use the product maker as a vehicle to more growth and profit. Typically that means the people who now own the business make poor choices about cost cutting, like off shoring support and removing unuseful documentation while removing people with critical tribal knowledge about processes. Each step the new owner takes will be to make the business more profitable, and in the world of business, the only thing they care about are the numbers and not the environment or people that created those numbers.