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LeslieWylde
LeslieWylde

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Despite Twitch’s massive popularity, Amazon has been unable to make it turn a profit after acquiring it for 1 Billion dollars.

Amazon acquired Twitch, a live-video service, for nearly $1 billion in 2014. Despite periods of significant popularity, Twitch has not achieved profitability. Current and former employees express concerns about its financial performance and future prospects, fearing it could become a "zombie brand" within Amazon. The article highlights slowing user growth, ongoing financial losses, and expected layoffs and changes within the company. Additionally, it discusses the competitive landscape with YouTube and the challenges Twitch faces in attracting and retaining content creators.

No paywall: https://archive.li/DBctA

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