This is the issue every first world manager makes time and time again. They make greedy little shyster decisions to save a penny here or save face there and then it ends up costing them hundreds of times what it would have cost to just be ethical and decent in the beginning. It's incredible really what letting the entire world be run by business degree graduates will create in terms of the corporate landscape.

Honestly, that bit now seems kinda small compared to what’s happened with the sexual harassment allegations.

It’s gone from YouTube drama because the channel’s a mess, to an actual scandal which paints the entire company as toxic.

It's like a subscription based YouTube replacement. Like nebula or something. But mostly it's just LTT that has content there.

Floatplane is the video hosting service that they created and own. Instead of being ad supported it requires a monthly fee for each content creator on it (in the vein of only fans or patreon). So a loss of subs is a direct loss of monthly income for LTT.

Looks like their attempt at a video streaming app, separate from youtube.

https://www.floatplane.com/discover

I believe it’s their website/platform, where they post exclusive content that only subscribers can view

I've been enjoying Nebula as a creator-owned YouTube alternative. I don't like all the creators there (a bit too "BreadTube" for my tastes), but there are plenty of creators that I do like. They have some decent bundles too.

Yea YouTube desperately needs some legitimate competition

Given how much of his investment has gone into creating LMG, Floatplane, etc, I can certainly see that happening. Even the most level headed person in the world will have a point in which a switch in their minds would flip.

I know a few people who were never the same after the dot-com crash, and most recently with the crypto crash. Such a loss (whether of their own making or external impact) will cause even the most sane person to be delusional and senile.

I'm willing to put money that if LMG goes to the ground, we will see a person potentially beyond repair, possibly with a destroyed family, given that it's both him and his wife as the primary investors. I really hope their kids come out unaffected.

It's just sad all around.

I feel these graphs tell a different story:

IMHO The people who really cared have left, the one who are on the verge are mainly waiting and the one actively participating with votes are the core fans.

The source is Reddit from user nicePenguin, here's an archived version (Link), they put up a site too at http://fp-stats.buzz , I'm not sure about the overall accuracy, but it doesn't seem wrong at first glance.

It must cost 5 dollars a month to be a member.

It's not just ad-based revenue they're losing. It's a monthly subscription people are cancelling.

Those are floatplane subs not YouTube subs

Subs on Floatplane pay money monthly like Onlyfans or Patreon. Subs on youtube don't pay money.