I doubt it matters. They wanted to be big in Korea. Local competitors got big instead. So they're leaving instead of spending more money. Interest rates could be 0% and you still wouldn't necessarily want to borrow money to bail out a sub-business that doesn't work.
They are preventing boobs? Have you ever taken a look at Twitch's Pools, Hot Tubs, and Beaches category? They are complicit in encouraging showing boobs
Companies that have spent the last decade “cooperating” by flexing their monopolies and enjoying their artificially pumped up numbers, should have to deflate.
I am hopeful for at least two more rounds of cuts at all of these giants. They have done absolutely nothing customer focused in years and it is about time they feel some heat.
Between censorship, data selling and collection abuses, anti-competitive practices, stale services, outright harmful manipulation of every age group, known and exploited mental health and echo chamber issues, narrative pushing, government collaboration… yea man, watch me shed a tear for these texh companies.
Most of these tech platforms are stuck in 2017, despite being 2024.
Twitch and all of these other platforms have competitors eating their lunch, but they're paralyzed and unable to do anything about it because of they made a deal with the censorship devil. It's also been implemented for too long to reverse course and allow boobs, as they cannot risk upsetting their few remaining skittish advertisers.
Rather than weathering the storm with their endless supply of capital, most of the tech platforms caved to idealogical pressure and implemented algorithmic moderation systems and ideologically motivated content policies starting in 2017. The result has been alienating the undercurrent that really drives traffic to their platforms. It's ridiculous that most creators view getting banned as a rite of passage and indicator of future success on upcoming platforms like X, TikTok, and Rumble, but here we are.
I would feel bad, but these stagnant tech companies really have nobody to blame but themselves. They're ideologically captured to such a degree they don't see what's happening, and if you explain it, they'll deny it rather than entertain the idea.
But they’re also still in the mindset that they need to prevent boobs at all costs.
Say what you want about the anything, ZIRP being on pause is about the greatest thing going right now.
Unless you’re trying to buy a home I guess.