Twitch - The Rise and Fall?
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- Опубликовано: 19 май 2024
- The future is uncertain for the biggest live-streaming platform. This video outlines what I believe to be the five most significant issues facing Twitch.
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Company Declines:
Kmart: • The Decline of Kmart.....
Blockbuster: • The Decline of Blockbu...
RadioShack: • The Decline of RadioSh...
Solo Cups: • The Decline of Solo......
Toys "R" Us: • The Decline of Toys R ...
hhgregg: • The Decline of hhgregg...
Pan Am: • The Decline of Pan Am....
ESPN: • The Decline of ESPN......
Gibson: • The Decline of Gibson....
iHeartMedia: • The Decline of iHeartM...
Bon-Ton: • The Decline of Bon-Ton...
Kodak: • The Decline of Kodak.....
General Electric: • The Decline of General...
Woolworth: • The Decline of Woolwor...
Dell: • The Decline of Dell......
Sears: • The Decline of Sears.....
Payless: • The Decline of Payless...
Hostess: • The Decline of Hostess...
Redbox: • The Decline of Redbox....
Nokia: • The Decline of Nokia.....
JCPenney: • The Decline of JCPenne...
Quiznos: • The Decline of Quiznos...
GameStop: • The Decline of GameSto...
NASCAR: • The Decline of NASCAR....
Shopko: • The Decline of Shopko....
MoviePass: • The Decline of MoviePa...
Reebok: • The Decline of Reebok....
The Gap: • The Decline of The Gap...
Pier 1 Imports: • The Decline of Pier 1 ...
Sbarro: • The Decline of Sbarro....
AOL: • The Decline of AOL...W...
Long John Silver's: • The Decline of Long Jo...
Chuck E. Cheese's: • The Decline of Chuck E...
GNC: • The Decline of GNC...W...
Hertz: • The Decline of Hertz.....
Steak 'n Shake: • The Decline of Steak '...
CiCi's Pizza: • The Decline of CiCi's ...
Boston Market: • The Decline of Boston ...
Yahoo: • The Decline of Yahoo!....
Montgomery Ward: • The Decline of Montgom...
Fry's Electronics: • The Decline of Fry's E...
Souplantation: • The Decline of Souplan...
Gateway: • The Decline of Gateway...
BlackBerry: • The Decline of BlackBe...
Sports Authority: • The Decline of Sports ...
Atari: • The Decline of Atari.....
KB Toys: • The Decline of KB Toys...
Pizza Hut: • The Decline of Pizza H...
MGM: • The Decline of MGM...W...
FYE: • The Decline of FYE...W...
HP: • The Decline of HP...Wh...
Forever 21: • The Decline of Forever...
Guitar Center: • The Decline of Guitar ...
WCW: • The Decline of WCW...W...
Sega: • The Decline of Sega......
KFC: • The Decline of KFC...W...
Macy's: • The Decline of Macy's....
Circuit City: • The Decline of Circuit...
Bed Bath & Beyond: • The Decline of Bed Bat...
Carvana: • The Decline of Carvana...
Fuddruckers: • The Decline of Fuddruc...
Borders: • The Decline of Borders...
Friendly's: • The Decline of Friendl...
Sprint: • The Decline of Sprint....
Groupon: • The Decline of Groupon...
Rite Aid: • The Decline of Rite Ai...
7Up: • The Decline of 7Up...W...
Subway: • The Decline of Subway....
Barnes & Noble: • The Decline of Barnes ...
Ponderosa: • The Decline of Pondero...
99 Cents Only Stores: • The Decline of 99 Cent...
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Unskippable ads are one of the main problems for sure.
I rather say the number of ads, even streamers complain about being required to have a certain number of ads per hour which is a problem youtube also has
Yup, people went to internet video to escape TV ads and were happy to accept lower quality production in exchange. The idea of getting TV ads now on this low quality product is a nonstarter
Ok
RUclips: *rubs nipples*
Fair, but they lose money. They need a revenue stream somehow
Hey, Company Man. You should definitely do a video on the decline of Hanna-Barbera. The animation studio was known for their popular cartoons such as The Flintstones, Yogi Bear, Scooby-Doo, The Jetsons, Huckleberry Hound, Quick Draw McGraw, Magilla Gorilla, Jonny Quest, etc. Also, they known for their wacky sound effects we heard throughout pop culture today. I want to know how did they started and what led to their downfall. It would be great if you could do a video on Hanna-Barbera. Pretty please?
This would be a good one!
I thought he had 🤔
I am not that familiar with Hanna-Barbera's lesser known cartoons or much of their history, but it does surprise me how they managed to get so many cartoons made in such a short time during the 60s and 70s. Today only a handful of their cartoons seem to be remembered.
@@TS_Mind_Swept Yeah I think he did like 4-5 years ago
That would be a good one
Twitch has given fame and tons of money to some of the most insufferable people I've seen so safe to say I'm not the biggest fan.
They felt "disrespected" as if they had any. I guess when you have a live audience of 100 parasocial clinger ons you get a big head.
It’s more of a symptom of our narcissistic and influencer culture we live in
how much meth you smoke before saying that as you are clearly high
twitch didnt do that. the audience did. that's the truth: the vast majority of people in society are as dumb as a rock. it is what it is
I think Twitch is like many other companies out there like Uber, Doordash, etc. These companies that have never been profitable and never will be because there's just no way to do it. A lot of streaming services are going the same way. These companies just care about "growth" and somehow think infinite growth is possible and that will get them profit "some day" but some concepts just can't turn a significant profit and the only thing keeping them afloat are larger companies or venture capitalists.
Amazon owns Twitch and they don’t put up with unprofitable entities very long
@@CottonEyedBro That’s very false. Amazon itself was unprofitable for decades
@@orenbernstein3277 Amazon was unprofitable for 9 years after it was founded.
@@orenbernstein3277 Amazon is one of the few tech companies that IS profitable.
Actually Uber is becoming profitable now. Their last few quarters they made money and having free cash flows
"this is not a complete list of all of their issues" you ain't kidding.
I remember when the Twitch Safety Advisory Council/FerociouslySteph drama went down. That was an... interesting time to be on the internet.
I consider myself as a helicopter
What's that about?
Twitch's real biggest issue:
1)Transcoding expenses (cut options for non partnered streams, not having a million stream in 4k to 2-3 viewers would save a ton)
2)Discovery, Twitch pushes big streams, more people will watch mid sized streams that aren't getting enough promotion
3)Advertise it better
4)Better revenue split
5)Shorter ad breaks. (you tune in to the wrong stream and get a 30s ad to start, and then a 3 min ad break and promptly nope out).
Also twitch needs to add additional revenue streams like PPV live performances and major sponsored content like tv quality game shows.
They're moving transcoding to client (streamer side). Also they only stream up to 1080p. They don't have anything 4K. The rest you're generally right about. They also need to get more ads cause right now you get the same ads again and again.
@@HH-le1vi I used 4k as an example for illustrating the crazyness, I meant to add "for NES games." A lot of people don't know OBS well enough to lower the settings to an appropriate level.
I remember I tried to watch a stream loaded it up had 2 minutes of straight ads backed out and came back to the stream like what I do with RUclips sometimes and that 2 minutes jumped to 6 minutes I just uninstalled the app and never looked back
Have been looking for a comment to reply to about my ISSUE WITH RUclips can we not have ad to start that says skip in 5 seconds then goes to another ad that says skip in 5 seconds just to lead us into an unskippable 45 second ad!!!
You literally forgot about the most important things that are keeping Twitch alive: Twitch Prime & Soft Nudity
please provide numbers and hard evidence of this, not just your manosphere of no grass touchers who live on twitch 24/7.
I thought he’d mention the nudity.
Yeah I noticed that too. As much as I like Company Man I’m starting to notice a trend of him either glossing over or outright avoiding certain topics etc.
@@1OO_k he glazed over that at the end
@@1OO_kOH no! Company Man: The rise and fall. And rise again?
Twitch is a glorified camgirl site these days.
Pretty much
Don't forget the politics.
What a gross generalization. You get from twitch whatever it is you're looking for. If you're only focused on the big streamers with 500,000 subscribers, you're gonna have a bad time.
Always has been
Ah yes, a new company man, sucha great day!
Every Wednesday!
Who needs an MBA when you can watch this channel for free?
KICK is in no danger of becoming mainstream.
You could thank the salt of the Earth Johnny Somali for that.
I've never even heard of kick until this video.
@@pandawok301 Among others...
Who?
@@pandawok301I haven't kept tabs and now want to know more...
I know you touched on it, but Twitch's relationship with its streamers is definitely one of the bigger issues. People getting banned really quickly, or the 'sexism' that seems to be taking place(I don't really think it's that, but a lot of people think twitch favors women a lot over men), like Jidion and Ishowspeed getting banned from Twitch permanently for doing things that can be interpreted as misogynistic, while some female twitch streamers have gotten very light punishments for doing questionable things on camera(like [accidental, or purposeful] exposure, and in a extreme case, having sex on stream). Also twitch's policy change earlier this year regarding nudity, and their switch back, may've been a prudent point.
As someone who has been on Twitch for almost 9 years, they seems to get in their own way.. a lot
9 years? sad
The amount of times they update the console or mobile app and just make it worse while not fixing the existing issues is insane
A lot of Company Man’s videos are post Mortems but I appreciate the videos like this that provide a snapshot in time that can be visited at a later date.
That 95/5 ain't gonna last very long.
the thing about kick's reputation in specific is that their more lax rule set has been attractive to all kinds of streamers who were banned from platforms like twitch. they'll stop offering the 95/5 split once they feel they can start skimming more from the audience and streamers after they build their foundation and audience base on that specific website. i don't hear much coming from kick outside of men supposedly hiring escorts on stream and kids irl streaming harassing people in public.
it's no joke how hard Twitch has been pushing ad revenue for streamers also, they have a whole ad manager where if you schedule ads you get a whole 55% net ad revenue split which actually does help supplement streaming income but is incredibly intrusive for anyone watching. it's no wonder people get so frustrated when even adblockers don't work on the website, so refreshing the page makes you watch yet another Doritos Gamer Max commercial lol
Im sorry you want everything for free
Hi hacker
@hackerling Speaking facts over here. The excessively obtrusive unskippable ads are why I deleted my account a few years ago and just wait for the stream VOD either on Twitch (if their channel is set up to save VODs) or if the streamer uploads their VODs to RUclips either on their main channel or a stream archive side channel.
@@stitchfinger7678 I'm sorry you pay for RUclips Premium
Twitch did all this to itself.
yup just like RUclips who are starting to fallout of favor due to its many problems including the scam ads/ads themselves to the mass greed that is caused due to Indians being hired mainly which helped fuel the disinformation and the woke bs
Twitch biggest mistake is selling themselves to amazon which they don't care about twitch anyway
Mistake for the company, but the founders laughed all the way to the bank.
They would have shut down some time ago if they hadn't sold to Amazon
I've been watching Twitch since 2012 and there have been problems at this time too and people were dissatisfied
to be fair, twitch would've died without amazon since most streaming services as a whole don't survive unless they are owned by a massive conglomerate with netflix being the only exception. while i agree amazon butchered twitch, most streaming services need the mega conglomerates to keep their lights on since streaming services as a whole don't exactly stay profitable on their own feet
They were burning money and nearly bankrupt when they sold to Amazon. They didn't do it because they wanted to.
In b4 every twitch streamer reacts to this
So what is the point of this comment?? L
I'm surprised you didn't mention more of the over sexualization on the website and the laundry list of articles concerning that. It's a far larger problem than you think
Twitch wouldn't be so bad if they didn't have a bunch of cam girls going after children.
That's probably true. I gave that a brief mention at the very end of the video. The main reason I left it off is because I didn't have too much to say about it.
Also gay and trans men showing stuff to children.
@@Lobonovawho? How dare they? I need to know who!
@@LobonovaOhhhhh there you go.... As if those are the only types/ group of people that are showing stuff to kids?!?!
Can you please do a video about the decline of Red Lobster as they’re planning on filing for chapter 11 bankruptcy and a video about spin master toys being bigger than you know
Two good suggestions!
@@lungcancer69 yeah I thought it would be I just can’t believe Red Lobster was struggling that bad my local red lobster restaurant burned down and they haven’t opened it back up now I know why
@@bingofromblueyfanI noticed their usual annual LobsterFest ran past the month of February this year. Guess they’re doing the most to keep customers
@@bingofromblueyfan I just read your comment and pictured a vengeful lobster with a matchbook in one claw... Thanks!
@@jergervasi3331 no problem
Justin tv was the best version, raw
Your channel has started to be something I check out regularly, just on the off chance I didn’t see a new upload. I watch older content, I rewatch with my husband. When my chronic pain is acting up, your content is still digestible and I look forward to being distracted by it.
I know you have a ton of subs and views and comments, but I just wanted to put it out there in the universe! Keep up the great work!
this video needs to have a second part about sexual content in Twitch
The sexual part of Twitch gets alot of coverage, but really in the grand scheme of things they make up a relative tiny part of Twitch streamers and the people who watch them.
I used to stream on Twitch. To my surprise, it was not a “one stop shop” but rather a tool to promote yourself on social media like IG and TikTok. The brand and its direction should be clearly established already. It is extraordinarily hard to grow your platform with Twitch alone. The weirdest part for me was the “community” as streamers call it. Like the streamer is the center of a big friend group full of people with similar interests yet most hadn’t actually met or seen each other. While you meet some amazing people, others feel like they know you and demand more of your time and energy. Boundaries are crossed. It was too much pressure to maintain so many “friendships” and I personally don’t want or need hundreds of “friends” err uhm “community members”.
I appreciate how to the point your videos always are. Too many channels doing 45 minute videos with 30 minutes of useless back story before getting to the point.
Love all your videos!
I like that "Simply put" part, I see u ;D
I would love to see another video on EA! I think while it seems like an easy topic. There is a lot of things going on that’s really interesting that leaves a lot of questions for it’s future. Always a great watch though! Thank you
keep up the consistent uploads!
Love your videos Man
New Company Man video. Immediate like.
Never would’ve known this otherwise. Thanks for the video!
9:50 Kick has the second highest revenue split. Rumble is currently the highest at 100% of subs go towards the streamer. Rumble has had this policy for almost 2 years now.
And that is again, just repeating history. Once these sites get big enough and need to make money it'll go right back to where it is.
Yeah but both are also considered highly unprofitable because they attract the jackboot crowd and moreso with Rumble. It's why Rumble has been hiding all of its alt-right content for the front page to lure in viewers due to a shrinking viewerbase and lull big advertisers into thinking to place ads next to Crazy Charlie's Anti-Vax hour streams. This is why Rumble has been bleeding money out of the nose, as in their income is at a loss vs. their subscription and it's not managable nor profitable in the business sense.
Interesting that you released this today, because one of Twitch's smaller competitors also announced today that they'd be shutting down at the end of the month. The inherent problem with the model is that they let anyone stream as much as they want. Which leads to a huge majority of the platform being streams with 0 viewers. I think the only possible way to make livestreaming economically viable is to limit the number of hours people can stream per month. Very low for people with low average viewership, and higher as their viewership increases.
As someone who streams on twitch as his job and to support his family from my point of view things seem pretty okay. But I'm just one person. The fact that I get to stay home and own my own business and create a community while being home with my children is awesome. But it's a long road to get there and it's not for everybody
Twitch sucks. RUclips better.
yes
RUclips on same path
This is the way
True
@@chiquita683 lol no
Amazon's advertising network just isn't as robust as google's. It's so much easier to run advertising campaigns through adsense, and that translates into revenue for the company,
Twitch is a cesspool of stupidity and thots
Average misogynist.
"Simply put..."
Immediately shows Simply for 2 seconds LOL
I see you editor LOL
I've been streaming since 2017 and I don't believe the medium as it is now is long for this world. Something like 95% of all Twitch streamers get less than 5 viewers, but all that bandwidth and storage still has to be paid for and ad rates are continuing to go down. There just isn't a viable business model in it, unless you're using your platform to do scummy stuff like promoting gambling to kids (i.e. Kick and it isn't designed to make a profit, only drive people to their crooked owners). Companies not being able to borrow endless amount of money for practically nothing is no longer possible and suddenly, these companies have to start finding a way to make a profit, despite years of not being able to do so before. I honestly think Amazon will just cut it loose one day and it can't survive on its own. I've never had goals of making a living from content and right now, I'm just waiting for the axe to fall.
Twitch has gotten real disgusting these days
Blame furries
Agreed. I've been boycotting Twitch for years due to all the toxicity on the platform itself & yet a lot of the Streamers I've enjoyed have moved exclusively to Twitch because Twitch has a virtual monopoly on Livestreams & most of the streaming traffic comes from there. Barely anyone except for a few niche audiences seem to use RUclips Gaming or Kick these days.
@@chiquita683it’s totally the fault of furries and not women doing hot tub streams and showcasing degeneracy
@@chiquita683 No blame amazon.
@@SomeRamdomAhole you misspelled $¢amazon
The reason that Twitch had to shut down in South Korea is because they have a law regarding internet bandwith usage. The law says company need to pay more when using more data. Twitch already experimented with lower the resolution to 720p or raising the prices. It the end it just doesn't work. They will only be losing money if they keep it running.
Any company in America pays more when they generate more internet traffic. This sounds dubious to be only in Korea.
@@sor3999 Maybe they want to encourage local companies more and want to keep big outside companies out.
I believe that the law applied to streaming platforms not based in Korea. It's an effort to boost traffic and revenue to local services
Once again requesting you make a video about Fazoli’s restaurants!!!!!!!
Perfect timing
Company man video never misses
to be fair, I'd argue a lot of Twitch streamers saw Emmett Shear leaving as a good thing at this point. The dude had already checked out mentally from Twitch for several years before he actually left. Dan Clancy becoming the new CEO, while viewed initially as an Amazon shill and a sign of bad things to come, was actually a step in the right direction. He has shown he cares much more about the platform than Emmett did in his last years, and has been very transparent with a lot of things.
I cannot fathom ever logging in to a site to watch someone else play a video game.
There are a number of reasons to watch people play video games. If you like esports and want to see the most skilled players competing against each other then that's a big reason to watch. Or else if you're maybe interested in buying a game but want to see if you might like it or not, then why not tune into a streamer who's playing that game so that you can get a live preview of it?
Because of how easily accessible online video is, I think people have gotten the idea that it’s just nothing, but it’s very expensive. Honestly I think it’s absurd that streamers think 50/50 is unfair to them when the price of streaming video is insane. Twitch was losing money and I expect both mixer and kick lost money and RUclips live probably loses money on live currently. When RUclips first became a thing the revenue split was 0/100 because hosting your videos for free was and still is insane. Not to mention it’s not like streamers have huge expenses they need to cover to stream.
Twitch streamers take heart: the 50-50 revenue split is exactly what players in the NBA and NHL receive. In they NFL players only get 48%. Gripe about the Twitch revenue split all you want, but literal pro athletes get the same deal.
Kick's revenue split reflects one thing: its streamers are just paid advertising for online casinos.
Keep on keepin on
Honestly its so hard to break out on twitch too. You have to basically stream everyday for hours a day.. and that can be tough. Also not being able to mult-stream without issues is another concern. Like it sucks, you can't stream to youtube/twitch unless you're affliated or pay for a pro obs thing.
There are a bunch of third party tools that will do this for you. Most of them are relatively cheap or offer free versions. Also, streaming every day for hours per day is a waste of your time. If you want to grow, you have to build a community elsewhere (some place with a suggestion algorithm) and then bring them to Twitch to monetize.
Yeah, because Twitch only pushes what's big and trendy and people who play those flavor of the week games. So if you play a game that's not Minecraft, Fortnite, GTA5, Valorant, Call Of Duty, Overwatch 2, or Rainbow Six Siege, you're relegated to the search bar and typing in the game or streamer name. Basically if your game isn't available on PC Twitch will disregard it on the homepage.
*Honestly its so hard to break out on twitch too.*
When it comes to getting bigger on places like Twitch often times its not just about effort but about getting a break or simply luck of the draw.
Who knows maybe one day you get a raid from a bigger streamer and some people like your stream and continue to watch and become regulars. Or maybe you have a random run in with a big streamer in a game and people discover your stream and some start watching you etc.
I've watched one person who wasn't even streamer to begin with but they happened to run into a few famous streamers in game and had great interactions with them to the point that he got so popular that people donated money to buy him a brand new computer so that he could start streaming and he's been making a decent living from streaming to this day.
I've also watched another person who never streamed previously but simply had run into a famous streamer in a game and had a fun filled few hours interaction with him and then people immediately suggested that he should start streaming and within a week or two he started up his stream and got a good number of people watching him and to this day he too is still streaming and making a decent living off it.
The point is its often a crapshoot as to whether you make it as a streamer and often getting a few lucky breaks can make all the difference between streaming to a few viewers and doing it as a hobby and doing it fulltime and making good money from it.
I will pretty much always stay with RUclips, it has been my trusted media app for my whole life, and I’ve been with it for at least 13 years, if not longer
My account is only 9 years old though, but I used to watch without an account as I was a child then
4:20 I am SHOCKED to this day whenever I hear about companies 'not forecasting' the drop in viewers after pandemic. Like I am FLOORED how randos on the internet, including me, could see that coming and a company filled with several teams and number crunchers, and statisticiens didn't think "these pandemic numbers are a HUGE outlier" It makes me think that was a scape goat.
I honestly don't know if there even is long term money in streaming. Netflix did well when it was the only one... but now that there are tons of streaming's services they all pretty much fall in the same hole: not making money --> they increase the cost of the service --> people unsubscribe because of new prices--> loss of revenue = not making enough money --> increase cost of service.
I honestly assumed streaming services had 40/60 split AT BEST. so i'm glad I was wrong, but it's clearly unsustainable, and they can't change that if they wanted to know that the other service has that lucrative 95/5 split... I genuinely wonder how on earth the company okay'd that decision.
This is the only channel I upvote before the video statys cause I have mever heard a bad one from this channel and never wwnt to forget the upvote.
Reading through the comments here leads me to think perhaps certain people are consuming the wrong type of content. If we stop giving the despicable creators an audience, eventually they'll fade into oblivion.
tons of tech companies are not and will ever be profitable. nothing new.
Correct, RUclips isn't profitable. They are subsidized by alphabet
There's also been allegations certain Twitch staff give special treatment/protection to streamers who edge the ToS line; notably streamers who happen to be showing a LOT of skin for what is supposed to be an ad-friendly platform.
Meanwhile, smaller streamers get the might of God thrust upon them if they merely look at the ToS funny.
Justintv was great for watching wrestling PPVs. I'm surprised it lasted as long as it did.
The censorship is why I'll never go back.
Oh this one is gonna be a banger
You should do Starter next. Used to be a pretty big clothing brand.
The quickest change I'd love to see is providing options for lower subs. Have a 'mini sub' option where you still see ads but get to use a streamer's emotes just just a dollar. A tiny little change that would expand how many streamers a single person is supporting. Or if that doesn't work a 2 week sub option for half the cost. Most people aren't going to upgrade their subs to the higher tiers but you can grab a lot more people's eyes with lower options.
I’ve never been much into Twitch, but from everything I’ve heard about it from those who’ve used it quite a bit, it’s gone down hill very fast and it’s quite sad to hear how things have turned out for what was once a site to livestream, primarily livestream playing video games and engaging with people who would comment during the stream. Thanks for talking about this man, I hope you’re doing well. Keep up the great work and have a great day!
COMPANY MAN!!!! 😁
Twitch sucks as a viewer. Loads of ads and then you finally get into a stream and it's more about the streamer reading donation messages and replying to chat than it is playing the game. And then Twitch made chats scummy with "hype trains" or whatever where they try to encourage more donations. It just feels gross to watch Twitch.
Blame the audience for that. These parasocially obsessed love that senpai notices them by reading off the donation message and chatting with them. These kids need real friends.
I’ve been a fan of this channel for years, just wanted to say it’s excellent and thank you to the creator, great job 👏🏻 🇺🇸. “Thank you for watching 😒” ; )
50/50 seems like a pretty fair split, considering one person makes the content and the other entity provides them the well known, heavily populated platform. But obviously, if you can get 70/30 or 95/5, and your revenue is better than do what you gotta do. But idk, considering the service that is being provided, 50/50 seems fair in my eyes.
Oh damn, when Company Man is making a video on a current company that's suffering, you know it's not good for them.
So many DJs streaming! ✌️
Oh! Have you tackled companies such as Screwattack and Rooster Teeth? Pretty sure they have some fairly interesting history.
Hey there! This isn't meant to be one of those comments demanding a video, but I'm curious to know if you have any plans to discuss JoAnn Fabrics? If not, all good! Keep doing what you do :)
I hadn't planned on it. A couple years ago I made a video about Hobby Lobby and looked into JoAnn and Michael's a bit and at the time decided they weren't ideal to pursue for there own video. But do you think otherwise? Am I missing something?
@@companyman114 I just wanted to know more about the situation/context surrounding Joann's Chapter 11 bankruptcy filing and was hoping you could shed some light on the company as a whole from its founding to now. As a consumer who has been shopping at Joann for over 10 years, Joann has been, and is the only crafts store available for miles in many areas. Rumors say that it's a combination of corporate mismanagement (stores almost always only have two employees available, major staff shortage, plus I've heard many unsavory stories from friends who worked there) and greed (something about jacking up the prices during the pandemic due to many people turning to crafts as a hobby?) Although I do agree that prices have skyrocketed, I'm not sure what the actual cause is. Other things like Joann having a wide, too spread out but terrible selection (why are there so many quilting and fleece options?) is another thing I've seen being discussed in circles. Joann used to have unique lines but seems to be phasing those out, despite the fact that I know there *is* demand for said items. We used to have 60% off coupons regularly and now it's rare to get a 40%, even 30% off coupon, plus no more price matching. Also something about a private firm acquisition, going public, and getting delisted?
TLDR: I'm a longtime customer of JoAnn but between the poor selection, overworked employees, and terrible prices, have been shopping there less and less. I've seen a lot of discussion and speculation about whether JoAnn can bounce back and reasons for its decline. It's all just very confusing and hard to determine what's true and what's just rumors. The future of fabric stores is scary overall.
@@companyman114 I left a fairly lengthy reply, but it's no longer showing up on my end so I'm not sure if it went through.
Would it be possible to do a video over Brookshire's Grocery Company? Its been my first job for over a year and a half, and I would love to see an overview of its history and financial ups & downs.
Great video.
And hopefully.. there is no rise on the back end!
Firm Handshakes Champs
IYKYK
Remember when Twitch had that one partner party that was serving poorly handled alcohol?
No, explain please.
@@Lobonovajustminx
Would love to see a video about Performance Bicycle. They weee a nationwide company and I spent years visiting and purchasing from them. They were a chain and not your small mom and pop shop. They were very popular, but one day out of nowhere just up and closed every single store. Rumor has it the executives running the company mismanaged it, but would love to hear you tell the real story. Thanks for the consideration! 👍🏻
The rise and fall of Express might be a good one. Thanks for your amazing content!
When considering big companies that buy small companies and/or support unprofitable ventures for years, think of all the people saying Sears should have gotten into online shopping, Kodak into digital cameras, Blockbuster into delivery, etc. These big industry leaders have to find some balance between focusing on their core business that's been profitable so far, and speculating on the next big thing.
Interesting video!
You forgot their recent rule that streamers can now stream on multiple platforms
I used RUclips a few years ago extensively to stream and it kept crashing when twitch would almost never crash. I think it had to do with the RUclips protocols and the programming behind RUclips streaming so even though that's an option unless they fixed it it's not a good option
It’s kind of nuts how companies and investors that experienced a massive growth during the initial days of the pandemic that that trend would keep going up half a decade later
Hi Company Man, I think it’d be interesting if you analyze big Latin American companies like Mexican Claro or Bimbo, the Argentinian Mercado Libre, the Uruguayan PedidosYa.
There’s many interesting stories abroad.
Greetings 👋
Though I still watch Twitch some I don't watch it nearly as much as I used to because so many streamers I used to follow have either cut back on Twitch streaming versus other platforms like RUclips or have quit Twitch entirely. Besides all the issues covered in this video Twitch is also less friendly when it comes to VODs for viewers to catch up on streams they might have missed or even rewatch them later. Because of how YT works streams that are done on YT are automatically saved as VODs that can be rewatched. For this reason even some streamers who have remained on Twitch have started RUclips channels for the sole purpose of archiving stream VODs.
I think twitch has moved a bit in the right direction, allowing pausing of ads, a no-ad service monthly fee, slowing multi-site streaming. And it seems a lot of other streaming sites don’t necessarily get what in my opinion makes twitch desirable, interaction and tools for interaction, bits, plugins, emotes, channel points particularly that last adds a way for people to get something out of their time watching. I think there’s definitely an opportunity for a rival to make it, but they have to understand it’s less the actual streams, and more the strong community building tools, ease of access to search, etc . . The reason these backlashes by streamers were effective is because their communities are sort of well formed, you do see similar things with big RUclips creators but not big RUclips streamers as much. I’m not sure how you make twitch profitable. My gut would say somehow helping it be a game store, like perhaps negotiate the streamer and twitch getting a cut of game sales for the games they’re streaming if the person buys it through twitch/amazon. Or making a service to help small and moderate streams get sponsor female that are favourable for a cut of the money.
I got into twitch late, but only watched friends who I knew. Never got into specific large streamers.
I play some smaller population games and asked to join their streams at times.
Stake next video please with Ed the founder of Kick and Stake :)
I used to follow a couple video gamers on twitch years ago. But over time, it just didn't fit in with my day-to-day schedule to be available to watch live streams. Nowadays, my laptop can't even handle twitch streams. idk if it's my internet connection or mid-level laptop. There are a few RUclipsrs I follow that do twitch streams, but I just catch the VODs they typically post on a second channel.
If your laptop can't handle a Twitch stream then either your laptop is really old or you have a really bad internet provider. I use Chrome browser and I always watch a bunch of Twitch streams at the same time on different tabs on my laptop that's 5 years old by now and it still runs fine without any stutter or hiccups.
You should do a rise and fall for loot crate!
For me, it's been hard or sometimes seemingly impossible to block ads on Twitch, forcing me to close it and give up. I have no tolerance for ads.
When focusing on the topic of company and streamer relations. I've never seen so much inconsistency within rules and guidelines before. Not to mention the rumors of under the table favors to certain Streamers.
In my opinion the worse thing they did was push IRL streaming. As much as I occasionally liked to watch it, it took away from the core of Twitch gaming. Nothing wrong with IRL every so often, but there are countless streamers who haven't touched a controller or keyboard since they started streaming.
They had a general streaming site already, but created Twitch to specifically cater to the gaming audience. Baited the gamers and now want to turn Twitch into a general site.
*In my opinion the worse thing they did was push IRL streaming. As much as I occasionally liked to watch it, it took away from the core of Twitch gaming.*
I disagree. I think adding categories other than gaming greatly improved Twitch and made it even better. I watch alot of game streams, but its also nice to watch IRL streams at the same time and I think its great that I can find all this variety of streamers on one website rather than having to go to different places for it.
Pretty much everyday I have a few game streams on and then a few IRL streams on as well so that I can watch someone play a game while checking on someone who's currently exploring Thailand or Paris or Singapore etc.
@@UzumakiNaruto_ I believe you misinterpreted my main point by missing one keyword.
"Push."
I didn't say they should have never added IRL. My point was they made it a focal point and promoted, and backed IRL based streamers a lot more than core gamers. At the end of the day, Twitch was supposed to be a gaming community. Like I said in the 2nd paragraph, it's cool to see the lives outside of games occasionally, but their are countless streamers who IRL stream and never even touched a controller before. Your point is based on liking IRL and the variety it gives. My point is to have IRL but promote and stick to what made twitch.. twitch.
@@UzumakiNaruto_ you gotta take into account my entire comment. The part you cropped out completely muddied up my objective. If you applied my entire paragraph to your view, you would have seen your main reason for disagreeing with me was in no way tied to my main point.
@@Dee-jd6ym
*I didn't say they should have never added IRL. My point was they made it a focal point and promoted, and backed IRL based streamers a lot more than core gamers. At the end of the day, Twitch was supposed to be a gaming community.*
I don't agree with this either. LOL. Twitch has always and will always be known as a live stream GAMING platform. The overwhelming majority of people who stream on Twitch are streaming games and gaming related things.
The biggest live events that draw the most viewers are gaming and tech related events. Thousands of people tune in to watch competitive gaming events from weekly local fighting game tournaments to professional League of Legend tournaments that draw hundreds of thousands of viewers.
The point is while IRL content has grown in the past few years significantly, gaming is still the primary reason most people tune into Twitch for because its the only place where you'll find people streaming anything from niche and retro games to the biggest most popular games and there's no other platform that has this variety of streamers as Twitch does.
Just go and look at the Twitch directory and you'll see the Just Chatting category at the top that's for anyone streaming non-gaming content and then look at the hundreds of categories for all the different games that people stream that have anywhere from hundreds of thousands of viewers to maybe just a couple of viewers at the bottom. I don't know how you can look at that and say that Twitch isn't overwhelmingly game focused.
its always cool to see the business side of gaming.
Horrible rules, uneven application of their rules, large variety in the application of punishments, moving away from gaming for other stuff like soft porn, their political pushing of their personal agenda, and so many scandals. There is just so much they fucked up over time.
I do an interactive stream in a game engine complete reliant on channel point redeems. There isn’t that kind of functionality or plugins for RUclips streaming, so my stream just wouldn’t work on other platforms. It’s a little scary knowing it could fall apart along with Twitch. Hopefully other platforms add something like that
I have always liked RUclips’s streaming setup over Twitch as well as the creators and audience they both have.
The thing about RUclips streaming is its chat setup is complete garbage compared to Twitch and its probably one big reason why RUclips Gaming died so fast after it launched after many people predicted that it would become a major rival to Twitch.
Not only is RUclips chat too tame and PG, but it also lacks all the great emotes that are funny to use that makes chat so much more interesting and fun to read.
@@UzumakiNaruto_ I have no idea what you’re talking about, given that RUclips chat allows custom emotes just like twitch and twitch has censorship in the chat like RUclips. RUclips is a lot more competitive on the streaming front than twitch is on the video front.
@@TheLastLineLive
I've watched live RUclips streams and they have very little custom emotes and a bunch of generic ones that are pretty standard for any forum that has emotes. Twitch has TENS OF THOUSANDS of custom emotes that keeps growing daily because every streamer who gains enough subs can start putting up their own custom emotes that their subscribers can use.
Then you have 3rd party extensions that add hundreds more emotes and then on top of that anyone can create a custom emote and submit it to these people who run these extensions and they'll add it to their program.
And while Twitch chat isn't a free for all where you can say whatever you like and not expect to get a timeout or ban, its definitely much more open to discussing controversial topics, allowing foul and sexual language and generally its more relaxed.
The vast majority of chats in RUclips livestreams are vanilla as hell because almost everyone wants to avoid their channels getting into any kind of trouble with RUclips. With Twitch livestreams you're also allowed to have copyrighted music being played on your stream which will usually but not always be scrubbed if you watch the replay. On RUclips every livestreamer mutes their streams anytime they come close to copyrighted music again just to avoid any trouble with RUclips.
About the only thing that RUclips has that's far superior to Twitch is its player where you can go back and forth at any point of a livestream even as the streamer is still streaming live. So if you missed something that just happened a minute or two ago you can just instantly rewind back and watch it. That's one thing I love about the RUclips player over Twitch's one.
From my view youtube is definitely catching up but as a viewer if I want to watch a livestream I’ll open up twitch before youtube. Kick definitely has an audience but I’m nowhere near it with the streamers I watch having strong oppositions towards it, mostly in regard to its lax moderation.
I also see a lot of streamers stream on both youtube and twitch at the same time. A lot just choose one but because they’re so close in popularity and people have their preferences, a lot just go with both.
Sammit streams IRL car drifting in Japan with multi cam live view that the subscriber can switch between cameras by typing !cam 1, !cam2, !multi 3, for example.
He usually multi cam Twitch streams while he is at Ebisu
Twitch has become a website where teenage dudes look for corn without being ashamed to search it up.
good video