The Twitch and Amazon bureaucracy create challenges for performance marketing due to approval requirements for Facebook pixels and slow processes for legal review.
The speaker discusses the likelihood of consumers continuing to purchase physical copies of movies and TV shows, especially once they have children who will watch them repeatedly, and also talks about the increasing competition in the streaming service industry.
Comedian Todd Glass opens for his friend and talks about purifying the audience by saying things that some people won't like, while describing the vastness of content on Netflix and Amazon Prime.
Netflix famously hires based on talent density, believing that when talented people are brought together, they will create unimaginable systems, infrastructure, and ideas. This approach allows the company to pull back on some controls, like PTO policies and expense reporting, and trust that their talented employees will act responsibly.
The hype around Clubhouse is overblown and the risks outweigh the rewards. The valuation is for people who don't understand how difficult it is to create such a network.