Interestingly, this indicates that the streaming market is saturated, and Mixer simply had no room to grow. The analysts probably didn't realize their gamble was a zero-sum game.

Ninja & Shroud weren't enough to tip the scales and Mixer had zero traction. Of course they will be fine, but it sucks for the smaller streamers that hitched their wagons to Mixer and are now left to hold the proverbial bag. Even more telling is that Microsoft is burying this news under WWDC20, probably embarrassed about the entire snafu.