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A hot and uneducated take: nothing of value will be lost. Nobody will ever go searching through a defunct twitch account’s 142 hours of Minecraft speedrun attempts. If it’s valuable, back it up locally
I think this can be true for large swaths of the information that will be lost, but there’s also a lot that will be lost that nobody is currently backing up. For instance:
I’d argue the opposite: there’s actually a lot of stuff out there that’s actually interesting: old-school lets-players who’d have done actual informative playthroughs of games. It’s kind of a dying art, but it’s also exactly the kind of content that’s going to get purged by this kind of action.
It’s interesting to spend, say, 10 hours watching some guy play Sierra games and actually talk through shit about the game and whatnot, and it’d be a shame to have that vanish.
But not entirely unexpected since that’s not profitable content in the way that the current morons babbling about bullshit reaction videos, totally-not-camgirls totally not showing their tits, and whatever other brainrot nonsense most of twitch is. (Also alt-right propaganda, but eh.)