EPTLet's hope this pans out well!
Twitch acquires Good Game / EG - Page 13
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Thalandros
Netherlands1151 Posts
Let's hope this pans out well! | ||
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Sub40APM
6336 Posts
On December 11 2014 08:06 FHDH wrote: Huh? How do you just...buy it "out from under AG." That actually makes zero sense. Like this: "Dear E-sports employees, whether casters or producers, we realize that 99% of you are independent contractors with almost no job security or benefits and you are mostly working on passion. We would like to rectify this. Next negotiating cycle dont re-sign. We will give you a full time staff position with all the benefits." Also I cannot understand why some people here thinks Amazon throws money away. Operating with very small profit margins is not the same as not running an intelligent business. It's not that hard to understand. Choosing to throw away your already limited cash flow on fringe businesses instead of returning it to the shareholder is the definition of throwing money away. People invested into Amazon because they expected it to be the retailer of everything, not a company thats a second tier Apple, a second tier New York Times and a second tier Netflix. You could of course rightly argue that Bezos makes it perfectly clear that he gives 0 fucks about his investors -- he says it repeatedly in his letters but that doesnt change the fact that he wastes money on quasi vanity projects. | ||
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tadL
Croatia679 Posts
Companys should not put them in first place when it comes to their decisions. Not even on the top 2000. They are not interested in the company, the workers, the familys, the lifes that are tied to this company. they just care about their short profits. ps: I do not like amazon that much because there are sectors where they pay really terrible but that they don't give a big fuck about their shareholders makes them somehow likeable. | ||
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Doodsmack
United States7224 Posts
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FHDH
United States7023 Posts
already limited cash flow You mean massive revenue? And shareholders aren't owed dividends. They bought a percentage ownership of a company with the assumption that that percentage will increase in value. It has. A fucking lot. Y'all fucking weird about Amazon around here. Also lol at your whole scenario of buying it out from under AG. Come on man. There are so many reasons this was not attempted (other than "Bezos not respecting his 'investors'' [read: shareholders'] money"). Buncha fuckin Wall Street sharks up in this forum. | ||
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Sub40APM
6336 Posts
And ever rising expenses that are eating that revenue. And shareholders aren't owed dividends. They bought a percentage ownership of a company with the assumption that that percentage will increase in value. It has. A fucking lot. Y'all fucking weird about Amazon around here. People buy shares in companies because they expect a financial return. Turning around and selling those shares to the next guy might give the initial guy a financial return but the next guy is waiting for his. And as share prices continues to disconnect from earnings the odds of that last guy being paid out what he expected shrinks. Also lol at your whole scenario of buying it out from under AG. Come on man. There are so many reasons this was not attempted (other than "Bezos not respecting his 'investors'' [read: shareholders'] money"). . It wasnt attempted because the Twitch guys are friends with AG. To them Amazon's shareholders money is as meaningless as it is to Bezos. Twitch could simply create a division called "Esports" and have 300 positions that are analog to every org position EG has. | ||
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FHDH
United States7023 Posts
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TelecoM
United States10893 Posts
On December 11 2014 09:58 FHDH wrote: Well this has been an interesting non-lesson in the basics of stock market speculation. And a whimsical trip down fantasy land about a hostile takeover of GG's esports brands. Hope everyone enjoyed. How do you have 0 posts? lol....i'm confused T_T | ||
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Chewbacca.
United States3634 Posts
On December 11 2014 10:40 GGzerG wrote: How do you have 0 posts? lol....i'm confused T_T He is posting from LiquidDota.. | ||
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Yergidy
United States2107 Posts
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skatblast
United States784 Posts
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MiniFotToss
China2430 Posts
On December 10 2014 20:34 Erasme wrote: everytime you go to work, your time is bought money can buy pretty much everything and you'd be dumb to believe something else yeah like money can buy oxygen and sunlight (NEEDED TO SURVIVE), love and friendship and the people who you have a privilege of meeting in your life, etc. Money can totally buy all of this, yeah, ur logic is sound (NOT) | ||
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VanSCPurge
United States169 Posts
On December 11 2014 22:55 MiniFotToss wrote: yeah like money can buy oxygen and sunlight (NEEDED TO SURVIVE), love and friendship and the people who you have a privilege of meeting in your life, etc. Money can totally buy all of this, yeah, ur logic is sound (NOT) It's funny because money really can buy oxygen. And friends. (Not good ones but still) Anyway, good for EG/GG. Glad to see an actual large company take an interest. | ||
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Shinta)
United States1716 Posts
On December 11 2014 22:55 MiniFotToss wrote: yeah like money can buy oxygen and sunlight (NEEDED TO SURVIVE), love and friendship and the people who you have a privilege of meeting in your life, etc. Money can totally buy all of this, yeah, ur logic is sound (NOT) You live on Earth dude. People pay other people to be their friends. Sunlight and air (quit saying oxygen, our bodies don't directly consume oxygen) are both markets available for purchase. A lot of people marry for money, some with no love involved and others with love involved, you can't judge that aspect of other people's lives. And yeah, you meet different people depending your your income and occupation. welcome to life my friend | ||
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Kheve
323 Posts
As we're pretty much in the dark of the details, the only thing we know for sure is that change is otw for better or worse. Big money could either stay profitable while attempting to restructure esports and thus esports would grow a lot bigger (though it might lose some of its charms), or it could start losing money and decide to pull the plug and esports fragment back to its roots of small time operators fighting for survival. It is definitely an interesting time for esports. | ||
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StarStruck
25339 Posts
On December 11 2014 08:15 Thalandros wrote: Big news. First time a company this big takes over a ''big'' eSports corporation, yes? Not sure how this is going to pan out, but I highly doubt we're going to see much as consumers. Maybe awesome amazon/twitch/EG crosspromoting deals? Who knows. Pretty excited though. Even though EG has always been the ''hardass'' team, I think Alex Garfield really didn't sell out and he's actually genuine (like the majority, probably) about his intentions. Let's hope this pans out well! Depends what you define big because there have been many flagship teams that got sold to companies like Samsung etc. | ||
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maartendq
Belgium3115 Posts
On December 12 2014 21:20 Kheve wrote: This is truly the changing of an era. Its both a crowing achievement of Esports manifested in Alex Garfield (this guy survived for 10 years and actually thrived) and a new beginning with big corporations money (other than game devs). As we're pretty much in the dark of the details, the only thing we know for sure is that change is otw for better or worse. Big money could either stay profitable while attempting to restructure esports and thus esports would grow a lot bigger (though it might lose some of its charms), or it could start losing money and decide to pull the plug and esports fragment back to its roots of small time operators fighting for survival. It is definitely an interesting time for esports. Not sure if you can call something that's only existed for the past three or four years an era. Esports is still young, and if keeps growing as it is now, there will be more mergers like this. | ||
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lantz
United States762 Posts
missed the $$ | ||
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AC3
Canada337 Posts
On December 12 2014 23:23 lantz wrote: poor missed the $$ http://evilgeniuses.gg/The-team/Heroes-of-the-Storm/ | ||
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maartendq
Belgium3115 Posts
Their team makes Heroes of the Storm look like a game for progamers who just weren't good enough to complete in SC2. | ||
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