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> created a competing streaming platform ... > poached some of twitch largest creator ... > for 100 million, and is otherwise throwing around absurd amounts of
by xyzzy_plugh 3y ago
> created a competing streaming platform ...
> poached some of twitch largest creator ...
> for 100 million, and is otherwise throwing around absurd amounts of money that they are paying for streamers.
We've literally seen this play out multiple times and ultimately Twitch has proven itself as a very difficult incumbent to displace. No streamer is going to turn down 100 million. Once the money runs out they'll all be back on Twitch.
- stale2002 3y agoWe have seen it play out, but there is a difference this time. Because kick is backed by crypto gambling, it is arguable that it is straight up profitable for them to do with because of the gambling conversions. Its a completely different ball game if you can get thousands of dollars from a converted user, as opposed to monetizing on ads.