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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1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
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7: crypto related posts, unless essential, are disallowed
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Surprised Kick has that kind of walking around money.
Kick is run by gambling companies and online casinos. the initial reason for Kick even existing was that Twitch banned gambling streams
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.
I mean it's probably easy when you get your money by fleecing your fan base with a crypto gambling scheme.