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Isn't Patreon at risk of bankruptcy due to previusly poorly written T&C's? https://m.youtube.com/watch?v=dQgOPYdGi9Y https://m.youtube.com/watch?v=dQgOPYdGi9Y
by secondcoming 6y ago
Isn't Patreon at risk of bankruptcy due to previusly poorly written T&C's?
https://m.youtube.com/watch?v=dQgOPYdGi9Y https://m.youtube.com/watch?v=dQgOPYdGi9Y
- throwaway9d0291 6y agoI think the "risk" is dramatically overstated. Patreon is facing the possibility of going through the arbitration process with 72 people, who are seeking it on the basis that by banning a creator, Patreon is interfering with a business relationship between viewer and creator. The theory that Patreon will go bankrupt is based on the assumption that these 72 instances of arbitration will go through and the costs of arbitration will be enough to bankrupt the company.
- secondcoming 6y agoIt was in Patreon's own T&C's that required users to go through the arbitration process. I believe the 72 are just from the followers of Owen Benjamin who are suing. There could potentially be many more from other followers of users that Patreon kicked off.