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Twitch to Cut 500 Employees, About 35% of Staff

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Re: Twitch to Cut 500 Employees, About 35% of Staff

#471

Post by scarface_74 »

whatyesaid wrote: post #386
stale2002 wrote: post #377

Earlier quoted context omitted.

This is not at all how it works. Twitch giving money to Amazon is just a number in a computer somewhere. Even if the government "forces" them to change those numbers on a computer, there is nothing stopping Amazon from just giving twitch more money to fund it, if they knew it were "profitable". The real reason is that twitch buys AWS services at cost with zero profit to anyone, and even at those low prices it still c…

How do you know Twitch is "buying" AWS servers so cheaply though? Anyways, infrastructure costs is not as important as market share in the long run, bandwidth and transcoding costs will go down with time. If you build a platform where nobody has grounds to compete with you like Twitter, (Threads tried), you've got something really valuable - maybe not 44 billion worth but still.

Every internal departments budget is charged for their AWS services

The citation below isn’t entirely true, internal departments aren’t charged “retail” prices. But they are charged and if you have multiple accounts opened testing different releases of an open source “AWS Solution” in multiple regions that uses the then $5K a month Kendra service along with largish ElasticSearch, you will show up on the naughty list (ask me how I know)

I’m no longer an employee if AWS

https://www.lastweekinaws.com/blog/the-aws-service-i-hate-th...

> When internal game development teams use Isengard accounts, they must pay (via internal accounting) the same rates for AWS compute cycles that outside retail customers pay, according to people close to the teams

Re: Twitch to Cut 500 Employees, About 35% of Staff

#472

Post by jacquesm »

kridsdale1 wrote: post #465
jacquesm wrote: post #424

Earlier quoted context omitted.

It's interesting. I invented 'live streams' to the browser and when youtube and Twitch rose to prominence our days were numbered, simply because we weren't going to play the VC game. And now TikTok does the exact same thing that we were already doing in the 90's and makes enormous headway with it.

I’d love to know more about this backstory.

I wrote that up years ago:

https://jacquesmattheij.com/story-behind-wwcom-camaradescom/

Enjoy!

Re: Twitch to Cut 500 Employees, About 35% of Staff

#473

Post by BizarreByte »

matchbok wrote: post #455
BizarreByte wrote: post #332

Earlier quoted context omitted.

Overpaid parasites in a lot of cases.

Great, if you can do the job, feel free to apply.

Please, I'm not in the right class nor do I have the right family to get such a position.

Are you a C-level exec? It's strange to me when working class people defend them.

Re: Twitch to Cut 500 Employees, About 35% of Staff

#474

Post by BonitaPersona »

Grimblewald wrote: post #457
lchengify wrote: post #92

Not mentioned in the article but definitely the elephant in the room: The rise of TikTok streaming [1] TikTok doesn't focus on gamers, but attention is finite. TikTok surpassed Twitch a while ago in revenue and it's accelerated since then. TikTok + Youtube (very profitable) makes Twitch at best a flat third place. Not a great business to be in when ZIRP ends. > Nine years after Amazon’s acquisition of the company, th…

not to mention new user experience. I've tried to use twitch, several times. Each time I am bombareded with tasks to do and things to click, when really I just want to do what I came for - watch some videos. Youtube and tiktok do that, no BS just here's your videos.

absolutely agree, and that's why I always look out for alternatives like safetwitch, or nitter for twitter

Re: Twitch to Cut 500 Employees, About 35% of Staff

#475

Post by matchbok »

BizarreByte wrote: post #473
matchbok wrote: post #455

Earlier quoted context omitted.

Great, if you can do the job, feel free to apply.

Please, I'm not in the right class nor do I have the right family to get such a position. Are you a C-level exec? It's strange to me when working class people defend them.

lol that you think that's how it works. How many companies have you created? How many jobs?

You hold a pretty naive view of how a business operates.

Re: Twitch to Cut 500 Employees, About 35% of Staff

#476

Post by cavisne »

boneitis wrote: post #299
cavisne wrote: post #280

Earlier quoted context omitted.

No they run on online casino money, the founders own Stake.com

I'm finding it curious that everybody here seems to be overlooking this. --- (I think the thread is too deep and preventing me from replying directly to child post) I posted here[0] a link to a video with pretty good commentary, speculating on and critiquing their strategy. To paraphrase it, they are not necessarily banking on operational costs being dwarfed by casino revenue in and of itself... but that Kick will yi…

Need to watch the video still but my assumption was since it’s illegal/frowned upon to advertise gambling, especially to minors. This is just an earth way to put ad… I mean streams of gambling in front of a large audience.

Re: Twitch to Cut 500 Employees, About 35% of Staff

#477

Post by valval »

ProxCoques wrote: post #436
npalli wrote: post #175

Earlier quoted context omitted.

>> Nine years after Amazon’s acquisition of the company, the business remains unprofitable, according to the people, who asked not to be identified discussing private information. >This ... is wild, I had no idea Twitch wasn't profitable Indeed very wild. Ironic too, considering the co-founder (Michael Siebel) is a managing director of YC and has advised hundreds of startups about creating businesses.

> is a managing director of YC and has advised hundreds of startups about creating businesses. If I was a startup, I'd think hard about whether a guy who may well just have been lucky (and certainly didn't do anything significant after his first big win) rather than skillful, should be talking to me about conducting my business. But I'm not a startup, and thank my stars for that.

I think it’s fair to say you’re not the type to ever run a business, successful or not, with that attitude.

Re: Twitch to Cut 500 Employees, About 35% of Staff

#478

Post by whatyesaid »

scarface_74 wrote: post #471
whatyesaid wrote: post #386

Earlier quoted context omitted.

How do you know Twitch is "buying" AWS servers so cheaply though? Anyways, infrastructure costs is not as important as market share in the long run, bandwidth and transcoding costs will go down with time. If you build a platform where nobody has grounds to compete with you like Twitter, (Threads tried), you've got something really valuable - maybe not 44 billion worth but still.

Every internal departments budget is charged for their AWS services The citation below isn’t entirely true, internal departments aren’t charged “retail” prices. But they are charged and if you have multiple accounts opened testing different releases of an open source “AWS Solution” in multiple regions that uses the then $5K a month Kendra service along with largish ElasticSearch, you will show up on the naughty list…

Yeah but Twitch is so big it would never pay retail rates to any cloud service, even given the rates for the bulkiest users. And because it's Amazon owned it's not a question of going to AWS but how much they'd negotiate. So on paper Twitch can lose them money but Amazon makes money through AWS.

YouTube is break even and imagine how much content is uploaded and stored there per second, forever. Twitch VODs are deleted after 2 months. Most streamers don't even get any viewers. Those that get viewers get people paying real money on top of ad spam. The numbers don't really add up like how Amazon often pays $0 in tax.

Re: Twitch to Cut 500 Employees, About 35% of Staff

#479

Post by boneitis »

cavisne wrote: post #476
boneitis wrote: post #299

Earlier quoted context omitted.

I'm finding it curious that everybody here seems to be overlooking this. --- (I think the thread is too deep and preventing me from replying directly to child post) I posted here[0] a link to a video with pretty good commentary, speculating on and critiquing their strategy. To paraphrase it, they are not necessarily banking on operational costs being dwarfed by casino revenue in and of itself... but that Kick will yi…

Need to watch the video still but my assumption was since it’s illegal/frowned upon to advertise gambling, especially to minors. This is just an earth way to put ad… I mean streams of gambling in front of a large audience.

For sure. That's most of what I meant to convey by linking the video; you get it :>)

Re: Twitch to Cut 500 Employees, About 35% of Staff

#480

Post by verdverm »

mbrumlow wrote: post #69
verdverm wrote: post #64

Earlier quoted context omitted.

I found it to be rather buggy personally, it constantly freezes and needs to be refreshed

You might need to reapply your thermal paste and reseat your cup hat sink.

It's consistently bad across multiple devices

They need to upgrade their encoding / codec

I actually did replace my liquid cooler and thermal paste on the beast machine, makes no difference

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