In 2012 Youtube did the Red Bull stratos live stream with 8m concurrent users. We're 12 years later, Netflix fucked up.
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E.g. the median engineer, excluding entry level/interns, at YouTube in 2012 was a literal genius at their niche or quite close to it.
Netflix simply can’t hire literal geniuses with mid six figure compensation packages in 2024 dollars anymore… though that may change with a more severe contraction.