Twitch "isn't profitable" admits CEO, in wake of recent layoffs
Twitch "isn't profitable" admits CEO, in wake of recent layoffs
Twitch CEO Dan Clancy has admitted the Amazon-owned streaming platform isn't profitable. Clancy led a Q&A stream on Twi…
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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...
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.
100 years from now? This guy is delusional.