It's actually not that bad a name for this if you think about the concept of 'fuck you' money, ie. that some people have so much money that 'fuck you' they'll do whatever they want.
Similarly Instagram can only get away with this behavior because of their level of following as a social media platform. So many people use it that people want to use it to follow others, and will consequently put up with this bullshit, and consequently to they can get away with whatever they want because 'fuck you', people will keep coming anyway.
Unfortunate, but not sure what lessons can be taken from it for other players in the market, since (fortunately) few other platforms are in a position to get away with this kind of thing.
Well, absent some very serious events, your 'fuck you' money will be there independently of what everybody else thinks.
But the 'fuck you' monopolistic behavior will work only up to the point where you annoy enough people. It is an extremely non-linear thing, and nobody never has any idea of how much further you can go, or even how long you can keep it the same.
Twitter has a different ‘fuck you pattern’ when you are trying to sign up a new account and they believe you are a spammer. They will force you through never ending captchas that are not meant to verify you, but annoy you until you give up.
I've only gotten a different sort of fuckery, where signup works fine until I follow a single account (or after a few seconds, sometimes) and then I'm banned until I give a phone number.
contacting support used to work after a few days, but not recently.
Similarly Instagram can only get away with this behavior because of their level of following as a social media platform. So many people use it that people want to use it to follow others, and will consequently put up with this bullshit, and consequently to they can get away with whatever they want because 'fuck you', people will keep coming anyway.
Unfortunate, but not sure what lessons can be taken from it for other players in the market, since (fortunately) few other platforms are in a position to get away with this kind of thing.