Be Honest and Compete With Your Product

Stream, a company providing SDKs and APIs for activity feeds, chat, and video, addresses claims from competitor Sendbird that it is facing financial instability and has reduced its workforce by 30%. Stream refutes these allegations, stating that it is financially stable with over 28 months of cash runway and that its employee count is actually increasing, unlike Sendbird's. Stream highlights its growth and success in powering applications for prominent companies such as Nextdoor, Strava, and Midjourney, which contribute to its status as "default alive." The blog post criticizes Sendbird's tactics of spreading misinformation to gain customers, emphasizing the importance of honest competition and urging customers who received misleading emails to report them. In response, Stream offers incentives for customers looking to switch from Sendbird, reinforcing its commitment to quality and transparency.