this post was submitted on 06 Dec 2023
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Technology

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Twitch to shut down in Korea over 'prohibitively expensive' network fees (techcrunch.com)
submitted 11 months ago by neme@lemm.ee to c/technology@lemmy.world
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[–] FooBarrington@lemmy.world 35 points 11 months ago

Typically, tech firms don't mind red numbers as long as their user base is enormous.

They didn't while it was cheap to borrow money. Since interest rates have risen, you can't make these kinds of investments anymore without having some immediate pay off.