Net Scott is the CEO of Steem Inc. He recently did a very important livestream in which a lot of good stuff about Steemit was revealed by him. Here's a detailed overview of the livestream with bookmarked links to YouTube.

https://www.youtube.com/watch?v=Shufa7eHBes&feature=player_embedded

[00.20](https://youtu.be/Shufa7eHBes?t=20): Ned tests whether the livestream is working or not

[02.50](https://youtu.be/Shufa7eHBes?t=170): Ned taking questions from viewers

[03.25](https://youtu.be/Shufa7eHBes?t=205): Ned discusses the recent update about cutting costs / firing 70% stuff

[10.30](https://youtu.be/Shufa7eHBes?t=630): Discussion about Steem api node and  content censorship

[21.37](https://youtu.be/Shufa7eHBes?t=1298): Discussion about reducing costs

[35.34](https://youtu.be/Shufa7eHBes?t=2134): Ned talking about SMT

[49.07](https://youtu.be/Shufa7eHBes?t=2947): STEEM Blockchain development

[58.38](https://youtu.be/Shufa7eHBes?t=3518): Ned reveals that annually it costs 2 million dollars to run steemit.com and they are working on saving 750,000 by cutting costs. 

A lot of important stuff came out from this livestream which is the reason why watched it. What we learned is that after cost cuts, it would take around 1.25 million to run steemit.com for a year at the current pace.

I made this post so that people who want to watch this stream can navigate to it easily. I hope it helps. Also, consider making a comment about these updates.