this post was submitted on 06 Dec 2023
329 points (97.4% liked)
Technology
59148 readers
2281 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.