Twitch has been speedrunning their own demise. Maybe the people on charge have personally invested heavily in Kick?
Felt like Twitch was always teetering on the edge and really nobody with any power cared to avoid the inevitable.
Twitch is owned by Amazon. AWS sells the streaming tech Twitch uses to Kick.
Amazon would probably rather sell IVS to Kick than try and figure out how to make Twitch profitable. Or the just don't care enough to notice the people at Twitch are just LARPing at business.