Comment on Goodbye Youtube and thanks for all the fish
cucumber_sandwich@lemmy.world 11 months agoVideo Just has fundamentally different hosting cost for processing and bandwidth. Amongst the big streaming providers only Netflix makes a profit. Twitch is not profitable, either.
Rodeo@lemmy.ca 11 months ago
I just want to point out that a corporation not making a profit doesn’t mean they’re not making money. It means they’ve spent the money on something and then in the accounting they can call it an expense instead of profit. But they still made that money and they still have something to show for it.
gardner@lemmy.nz 11 months ago
That’s revenue, not profit.
Rodeo@lemmy.ca 11 months ago
Revenue only becomes profit if you let it.
Got $1m in revenue that you don’t want to declare as profit? Purchase some assets and now you have $1m expense instead.
cucumber_sandwich@lemmy.world 11 months ago
Yeah, sure. Doesn’t change the other point
Rodeo@lemmy.ca 11 months ago
I guess what I’m saying is that although your first point is true, your second point doesn’t actually support it.