It’s called enshittification:

https://en.wikipedia.org/wiki/Enshittification

Enshittification is a re-prioritization pattern where online product and service providers experience a decline in quality over time. It is observed as platforms transition through several stages: initially offering high-quality services to attract users, then shifting to favor business customers to increase profitability, and finally focusing on maximizing profits for shareholders at the expense of both users and business customers. This process results in a significant deterioration of the user experience.

Though the concept had been recognized and labeled with similar terms,[1][2] the neologism “enshittification” was coined by writer Cory Doctorow in November 2022 to describe this phenomenon. The American Dialect Society recognized the term’s relevance and impact by selecting it as its 2023 Word of the Year. Doctorow has also referred to this concept as platform decay, emphasizing the inevitable decline in service quality due to these profit-driven changes.

To tackle and diminish enshittification, Doctorow advocates for two fundamental solutions: upholding the end-to-end principle and guaranteeing the right of exit. The end-to-end principle asserts that platforms should transmit data in response to user requests rather than algorithm-driven decisions. Ensuring the right of exit entails facilitating user departure from platforms without data loss, which necessitates interoperability. These strategies aim to uphold the standards and trustworthiness of online platforms, placing emphasis on user satisfaction and encouraging market competition.