Eric Ries vs. Enshittification, and the Mega-IPO Squeeze
Wednesday, June 10, 2026 · 7 min
Techdirt Podcast brings Eric Ries onto the enshittification beat, while a step-back looks at OpenAI, SpaceX, and Anthropic staying private longer — and why public-market investors may be arriving after the biggest gains are gone.
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Show notes
Techdirt Podcast brings Eric Ries onto the enshittification beat, while a step-back looks at OpenAI, SpaceX, and Anthropic staying private longer — and why public-market investors may be arriving after the biggest gains are gone.
In this episode
- Techdirt Podcast Episode 452: How To Stop Good Companies From Going Bad | Techdirt — Techdirt
Techdirt Podcast Episode 452: How To Stop Good Companies From Going Bad | Techdirt Techdirt CEOs Who Think AI Replaces Their Employees Are Just Bad CEOs Techdirt Podcast Episode 452: How To Stop Good Companies From Going Bad # Techdirt Podcast Episode 452: How To Stop Good Companies From Going Bad ### from the not-inevitable dept Support us on Patreon » The concept of “enshittification”…
- Step Back — Why are the biggest tech companies staying private for so long now, and who actually wins or loses when regular investors can’t buy in until the IPO is huge?
Background sources
- Why do startups wait so long to go public these days? - Fast Company — Shaurya Mehta
- DP21478 Private Capital Markets and Inequality | CEPR — CEPR
- Companies Are Staying Private Longer: Why It Matters | VanEck — VanEck
- Do Mega-IPOs From Companies Like SpaceX, OpenAI, and Anthropic Mark a Changing Relationship Between Public and Private Markets? - Cambridge Associates — Kristen Greiner
- The era of the mega-IPO and what this means for investors | LGT — LGT