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Twitch "isn't profitable" admits CEO, in wake of recent layoffs
(www.eurogamer.net)
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this post was submitted on 12 Jan 2024
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Data is surprisingly cheap. It's more than likely just reinvesting any profits into growth to boost stock price/investment. A lot of companies are hitting the point where growth is leveling off, so they've switched to cutting costs
They thought the party was going to last forever, so they ordered a bunch of jumbo pizzas and kegs
I mean it's more like they paid themselves a bunch of bonuses and hired super duper growth hacking experts or whatever, and now they can't pay for them, so god forbid they cut from the top
Bandwidth, which you need for streaming is not cheap