Yeah, I do agree with you. However I do like Doctorow’s pithy, 3 step formulation, which lends itself to the stricter definition. But he does also say that he may have coined it, but it’s not his word, so go nuts

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“Enshittification names the problem and proposes a solution. It’s not just a way to say “things are getting worse”, though, of course, it’s fine with me if you want to use it that way. […] But in case you want to be more precise, let’s examine how enshittification works. It’s a three-stage process: first, platforms are good to their users. Then they abuse their users to make things better for their business customers. Finally, they abuse those business customers to claw back all the value for themselves. Then, there is a fourth stage: they die.” ^[1]