this post was submitted on 15 Aug 2023
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Every large channel, and most small channels that aren't explicitly charities, are profit-driven. I'd actually say being visibly profit-driven is usually a good sign because it means you know where their money comes from. What's worse is when you don't know who's funding them -- that's when you get paid misinformation peddlers.
Media is a business. If you're not their paying customer, you're the product. That's why stuff like Patreon and LTT's paid merch is a good thing.
The real problems are that the company runs in an extremely, dangerously unprofessional way - well beyond normal startup mayhem. Combine that with the break-neck pace they try to put out content, and the fact that Linus himself has an ego the size of Cleveland, and it means that they're a danger to themselves and others. And Linus taking every problem personally means the company can't change properly. He needs to take a leave of absence and bring in some dispassionate experts fix things at his company, and when he comes back he's just another employee who does things by the book and lets the CEO run things under the new model until he learns the ropes.
But I worry that the company is screwed regardless - they might not be able to come back from this, and even if they can the loss of revenue might exceed their operating costs and runway. For Linus himself and the rest of the leadership? Good. That's appropriate comeuppance. But it's a big group, and that will probably mean layoffs, and I feel bad for the people at the bottom who'll be hit by the shit rolling downhill.