

People have been saying this about the U.S. tech industry for years and the reason is that the rich were mad working in tech here in the U.S. used to be a decent career and so this became the bullshit line given to corporate media by CEOs.
There is literally nothing to it beyond this.
I am not sure I remember anymore, I have eaten my tail one too many times.
I don’t think this is a direct meaning of the metaphor, though any metaphor of endlessly repeating cycles can be placed in a rhetorical framework where it represents enshittification so I am sure I am not the first person to add or tweak the metaphor with that context.