Enshittification (alternately, crapification and platform decay) is a pattern in which online products and services decline in quality. Initially, vendors create high-quality offerings to attract users, then they degrade those offerings to better serve business customers, and finally degrade their services to users and business customers to maximize profits for shareholders.

Minecraft has not significantly degraded the original offerings to Minecraft has not significantly degraded the original offerings to better serve business customers. The only things i can think of are the featured servers and the marketplace on bedrock, which, even tough are bad, both can just be ignored(you can still import skins, datapacks, worlds etc) and trying to claim bedrock is the official version and that its better than java. If you previously had one version of minecraft, you also got the other version for free so the differences between versions are less of a problem

Minecraft has not significantly degraded their services for users and businesses. Other than chat reporting that affects bedrock edition and realms, i dont think there is anything else. Minecraft also had a lot of updates that improved the game

Has minecraft even tried to maximize profits for shareholders?

I havent played on minecraft bedrock for years so sorry if im downplaying the problems of that platform

I dont think that its fair to say that minecraft has been getting worse for profits for 10 years from 5 changes, 4 happening in 2017, and one(that only affects a small group of people) that happened in 2022, while ignoring all the ways minecraft got better

There are so many other things to complain about(everything i listed here, the copper bulb changes, fireflies being removed), but enshittification isnt one of them