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Amazon Paid Almost $1 Billion for Twitch in 2014. It's Still Losing Money.
Amazon paid nearly $1 billion to acquire the live-video startup Twitch Interactive in 2014. A decade later, the retail giant has received little financial return from one of its bigger acquisitions. WSJ: Known for hourslong broadcasts of videogame play, Twitch remains unprofitable despite periods of...
WSJ: Known for hourslong broadcasts of videogame play, Twitch remains unprofitable despite periods of explosive popularity, according to current and former employees knowledgeable about its finances. Amazon Chief Executive Andy Jassy, who took over in 2021, has led a profitability review at the company and shown little tolerance for unprofitable businesses. Insiders said they worry Twitch is at risk of becoming what they called a "zombie brand" at Amazon -- internal projects or acquisitions that have been sidelined because they haven't lived up to expectations.
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