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Twitch "isn't profitable" admits CEO, in wake of recent layoffs (www.eurogamer.net)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 19 points 10 months ago (2 children)

It's critical that Twitch is here not just today, not just tomorrow, but 50 years from now, 100 years from now. Our job is to run Twitch in a manner that can ensure its prosperity [...]

I know the guy is peddling bullshit to justify the layoffs, but 50 years from now, really? Publicly traded companies / stakeholders rarely care about 5 years from now...

[–] [email protected] 7 points 10 months ago

My guess is he's using that statement to sidestep criticism of layoffs. I mean, is it wrong to take the long view? No. Does that mean they had to lay off people and put them in a precarious situation? Maybe, maybe not. But the explanation that sounds palatable.

[–] [email protected] 3 points 10 months ago

100 years from now? This guy is delusional.