Most tech companies operate at a loss. Amazon still hasn’t turned a profit.
Comment on Twitch Will Shut Down Its Streaming Platform in South Korea
glimse@lemmy.world 1 year agoIt says they operated at a loss in SK. If that’s true, I wouldn’t wanna, either.
WoodlandAlliance@lemm.ee 1 year ago
FeelzGoodMan420@eviltoast.org 1 year ago
What the actual fuck are you talking about? A simple google search shows that Amazon very much makes a profit. Do some basic research first before posting bullshit please.
nave@lemmy.zip 1 year ago
Amazons last financial report has its profit at $10 billion dollars.
iegod@lemm.ee 1 year ago
Wha
schmidtster@lemmy.world 1 year ago
Dang, stores better get rid of their loss leaders than.
Sometimes you gotta take a small loss for the overall benefit of the company/system.
someguy3@lemmy.ca 1 year ago
Loss leaders you know lead to something. Can’t see what it would lead to.
superduperenigma@lemmy.world 1 year ago
Neither does the person you’re replying to. They probably just learned the term “loss leader” and thought they’d sound smart bringing it up but have no idea how the concept actually works in practice.
someguy3@lemmy.ca 1 year ago
Sounds like he needs to rightsize.
superduperenigma@lemmy.world 1 year ago
How is remaining in an unprofitable market a “loss leader”?
You really don’t think Twitch did some analysis on this matter before making a decision? Or do you just figure that your uninformed assumptions about their financials are more accurate than their internal analysis?
schmidtster@lemmy.world 1 year ago
Negative press costs money too. There will be unforeseen costs related to this move.
roguetrick@kbin.social 1 year ago
They're leaving the market. If anything Amazon is putting a shot across the bow of the ISPs who are charging these interconnect fees to get THEM negative press and make the Korean public demand a change in the laws so they can get the Internet the pay for.
superduperenigma@lemmy.world 1 year ago
What negative press? They’re no longer going to do business in a particular market for completely normal reasons. This isn’t some kind of scandal, it’s a standard decision for a company to make if it isn’t profitable. Everyone besides you seems to understand this.
You clearly have no idea what you’re talking about.
DeepFriedDresden@kbin.social 1 year ago
Loss leaders work because customers will purchase other products/services. Operating in a market at a loss isn't what a loss leader is.
glimse@lemmy.world 1 year ago
I dunno man, neither of us are financial analysts for Twitch
iegod@lemm.ee 1 year ago
Gaming nerds dictating how business should operate is one of the funniest things to observe.
Maalus@lemmy.world 1 year ago
Or just remove what’s costing you so much?
schmidtster@lemmy.world 1 year ago
Which would cost you more in the end, so if removing it costs more, you keep it in.
That’s what’s a loss leader is……
MolochAlter@lemmy.world 1 year ago
Can’t remove a tax without lobbying or breaking the law.
cerement@slrpnk.net 1 year ago
“bribery”“lobbying” … nope, never seen that before …