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this post was submitted on 06 Dec 2023
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Kinda suprised by this. I usually don't use twitch, but last time I was there practically all streams in the largest category were korean. Typically, tech firms don't mind red numbers as long as their user base is enormous.
They didn't while it was cheap to borrow money. Since interest rates have risen, you can't make these kinds of investments anymore without having some immediate pay off.
It helps that they don't have any serious competitions at the moment but it's very naive to think this won't bolster a competitor enough to make some threat. I guess they feel untouchable with even YouTube struggling
I wonder if the new Twitch competitor that rises in Korea will get the TikTok treatment and our government will just ban it by name?
No, that was step one. Operate at a loss until you suck up all of the users and kill off as much of the competition as you can. Now we're at step two, where the time has come where they desperately need to actually make money, e.g. YouTube. You're going to see more and more "free" sites/apps/services entering step two, if they haven't already.