This looks like a particularly egregious case of the toxic influence of VC money. Whey build a sustainable platform from day one when you can use the free money tap to attempt hypergrowth. Unfortunately, eventually it runs dry, and you have to justify your valuation based on whatever you did manage to build.
> Whey build a sustainable platform from day one when you can use the free money tap to attempt hypergrowth.
When the competition (mainly YouTube) has billions of dollars worth of R&D and deficit-coverage budget, you don't stand a chance building a "sustainable" platform because all potential customers of yours will rather go for the free option.
The fact that egress data is ridiculously expensive, especially at the quantity you need to build a global high-performance network, only reduces the options you have.
Those billions of dollars of R&D explicitly went into preventing you from organizing your subscription - since at scale that probably leads to more "engagement".
81% off its initial day of trading price. Are there ANY tech IPOS in the last 2 years that are currently trading above their IPO price? I get we are approaching a bear market today but some day the public will wise up to the fact that they get no chance at genuine growth opportunities for these niche tech companies and are being sold on illusory global market dominance narratives.
