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 2 years agoIt says they operated at a loss in SK. If that’s true, I wouldn’t wanna, either.
WoodlandAlliance@lemm.ee 2 years ago
FeelzGoodMan420@eviltoast.org 2 years 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 2 years ago
Amazons last financial report has its profit at $10 billion dollars.
iegod@lemm.ee 2 years ago
Wha
schmidtster@lemmy.world 2 years 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 2 years ago
Loss leaders you know lead to something. Can’t see what it would lead to.
superduperenigma@lemmy.world 2 years 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 2 years ago
Sounds like he needs to rightsize.
superduperenigma@lemmy.world 2 years 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 2 years ago
Negative press costs money too. There will be unforeseen costs related to this move.
roguetrick@kbin.social 2 years 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 2 years 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 2 years 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 2 years ago
I dunno man, neither of us are financial analysts for Twitch
iegod@lemm.ee 2 years ago
Gaming nerds dictating how business should operate is one of the funniest things to observe.
Maalus@lemmy.world 2 years ago
Or just remove what’s costing you so much?
schmidtster@lemmy.world 2 years 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 2 years ago
Can’t remove a tax without lobbying or breaking the law.
cerement@slrpnk.net 2 years ago
“bribery”“lobbying” … nope, never seen that before …