Red flags are always speculative.

The point is that if there are only one or two red flags, you can risk assess them and continue as is if the risk is low. But if there are a large number of red flags, then you need to consider your exit strategy as well.

PE's entire modus operandi is enshittification. If there's no enshittification to be done there would be no point in purchasing the company

I don’t wait for companies to enshittify anymore. When they start making decisions that look like they’re heading in that direction, I start looking for alternatives.

It has already enshitified. These changes are text book.

- Inclusion and Transparency values made more shitty

- Always free commitment removed. What? It’s right there “always”.

- Shittily hacking old blog post to become nonsensical

- Loss of confidence

- Stalling improvement cycle, no more repairs, just things quietly breaking and going bad.

Looks pretty bad regardless of speculation. There are enough red flags to warrant actions and to consider this another enshitification.

yet. The hallmarks of enshittification are there. We've all been through the cycle of "this product is too good to be true, and provides considerably more value than it costs" "Customer Acquisition/Market Capture" phase. And we know what has to come next. They have to make the product profitable, because you cant just burn up VC money forever.

Does a bear shit in the woods?

uh, by DRM you mean Digital Radio Mondiale[0], an open digital radio broadcasting standard? sure analog receivers won't work, but hardly a rugpull lol

[0]https://en.wikipedia.org/wiki/Digital_Radio_Mondiale

They're not doing it to increase margin. "Enshittification" or "rug-pulls" aren't when things get worse or things change, they're when the conditions that were used to attract an audience are changed in order to extract more margin after that audience is captured.

The larger exampls to compare them to would be "dumping." Dump subsidized, tariff-free corn in Mexico to make it unprofitable to farm corn in Mexico, and after all of the Mexican farmers go bust, buy their land and raise the price of corn to infinity while cheaping out on the quality of seed and handling. Enshittification. Rug-pull.