[milderworkacc]

Not sure where to start with this one.

Can anybody briefly explain what a “rot economist” is? Is it meant to be capitalised “ROT economist” which stands for something? Has my browser not rendered the characters correctly or something?

This story of course includes the now almost mandatory attack on e2e encryption, which according to this account when coupled with the people you know feature is “a dangerous tool” - with little explanation as to the nature and size of the danger.

This part is interesting: “Worse still, accounts that were less than 15-days-old now made up 20 percent of all outgoing friend requests, and more than half of friend requests were sent by somebody who was making more than 50 of them a day…”

The explanation leaves a lot to be desired though:

“…heavily suggesting that Facebook was growing its platform’s “connections” through spam.”

Doesn’t this make perfect sense where a new user joins Facebook with no friends to start with, then in the first few weeks of using it finds all of their friends and adds them?

The whole thing reads like a grab bag of grievances rather than a forensic takedown, shame.

[csande17]

"Rot economists" appears to be a pejorative invented by this newsletter to describe an ecosystem of graphs-go-up growth-at-all-costs venture capital firms, management consultants, and corporate leaders who are pushing companies away from building things customers actually want: https://www.wheresyoured.at/the-rot-economy/

It's "rot" as in the companies/society are (metaphorically) rotting.