Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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The rival platform is "Kick" in case anyone wants to not open the article but still wants to know which it is.
Ah, i personally don't use Twitch much so I didn't even know what the rival was either.
Surprised Kick has that kind of walking around money.
It's a new platform so they must be burning investor money to promote the platform by doing this. It's working. They just need to have a plan to earn it back.
They also earn a lot from Stake, their gambling platform. $100 million probably isn't that much for them.
Kick is run by gambling companies and online casinos. the initial reason for Kick even existing was that Twitch banned gambling streams
I mean it's probably easy when you get your money by fleecing your fan base with a crypto gambling scheme.