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Originally Posted by PorcoRosso
Indeed.
Also let's keep in mind that numbers communicated are PR, not official.
Mindgeek always insisted in communicating "we're n°1" "we have the biggest staff with over 1000 employees". But in reality N°1 is a contested prize with Xvideo/Xnxx, and over 1000 employees... I would say "close to 1000" was more the reality.
1600, no, that's a number to "make you look big". But actually, it's silly because everyone thinks "what do you do with so many people??? Shouldn't you be a much bigger company to have that many people???"
Mindgeek's competitors are companies that run correctly with 100 to 300 people... more than that is overhead, corporate politics, inefficency.
So... maybe it's really a smart move to restructure the company and keep the most important people in the team on the most profitable projects?
Also... maybe depending on the new CEO appointed maybe they can start cleaning their practices and re-open conversations with Visa/MC?
In any case to those who believe that Mindgeek is going down, or that tube business models is going down... you're just not living on the right planet. MindGeek is a big machine and it will live on, maybe not as big and as high as what its creators were hoping but it's going to be around for long.
And tube sites... they're here to stay. Now, it would be great for the industry if they could see the crucifiction of Mindgeek as a real threat and would also clean their practices not to be next... which would really be a very positive thing for the industry.
Ultimately, we would all benefit of an industry that has clear rules, guidelines, and can exist within these frames on the long run.
Anyway, so far, people I know in Mindgeek are still there... let's see.
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You do know it was the Krystoff article that brought PH to their knees, right? Nothing to do with bloat apart from the fact they are bleeding debt. One guy, Bill Ackman read the NYT article, was totally offended by PH's "business model", called up his pal Ajay Banger who is the CEO of Mastercard and a week later BOOM!
So what do you think their chances are of renegotiating CC billing? They pissed off some serious financial people. And they are not big enough financially to make a ripple in the credit card business. Netflix makes more money in a week than PornHub does in a year.
You should be thinking what is best for this business and that could be the end of PH. But we are a very vulnerable business. We can be stopped overnight if we piss off M/C and Visa. So we probably shouldn't and we should probably make sure we follow their rules.