Twitch's differentiator is its backchannel, the viewer's 'chat'. Unfortunately for Twitch this only works if the whole loop is low latency. This makes it very h

Twitch's differentiator is its backchannel, the viewer's 'chat'. Unfortunately for Twitch this only works if the whole loop is low latency. This makes it very hatd to optimize for cost. On top of this, it also makes adds even more intrusive and disruptive for the viewer. One thing that surprised me is how they never managed to grow the VOD side. They basically handed that side, arguably a less costly and easier to monetize segment to Youtube. For content producers, twitch often seems like a not the primary revenue stream. They put out lucrative sponsored content, or have twitch as an advertizing channel for their Youtube VOD/clips or their onlyfans. All revenue Twitch misses out on, while bearing the streaming cost.